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AWS Budgets October 2020 Update

Released on October 22nd, 2020

Announcing AWS Budgets Actions

Starting today, you can define the action you want to take in your account when a budget exceeds its threshold (actual or forecasted amounts). This level of control will allow you to reduce unintentional overspending in your account. You can choose among three action types: Identity and Access Management (IAM) policy, Service Control policy (SCPs), or target running instances (EC2 or RDS). For example, you can choose to apply a custom “Deny EC2 Run Instances” IAM policy to a user, group, or role in your account once your monthly budget for EC2 has been exceeded. With the same budget threshold, you can configure a second action that targets specific EC2 instances within a particular region.

You can choose to execute actions automatically or require a workflow approval process before AWS Budgets execute a request on your behalf. You can set up to 5 budget thresholds with up to 10 actions for each threshold. IAM and SCP action types reset at the beginning of each budgeted period (e.g., monthly) while actions targeted at specific EC2 or RDS running instances will not reset. All AWS Budgets functionality can be accessed programmatically via the AWS Budgets API.

To learn more about AWS Budgets Actions, refer to the AWS Budgets webpage or the Configuring AWS Budgets controls section of the Managing Your Costs With Budgets user guide.

Announcing AWS Budgets Price Reduction

To coincide with our new AWS Budgets Actions launch, AWS is reducing the price for budget-days from $.02 to free. Before this reduction, customers received 62 free budget-days per month before paying $.02 per budget-day for all active budgets within a regular account or consolidated billing family. Customers who simply want to monitor their cost, usage, RI or Savings Plans coverage and utilization can now do so free of charge.

Customers who want to configure actions for their budget targets can take advantage of the new perpetual free tier offer of 62 action-enabled budget-days (e.g., 62 action-enabled budget-days will cover 2 budgets with actions enabled for 31 days for the life of the regular account or consolidated billing family). Each subsequent action-enabled budget-day will cost $.10, regardless of the number of actions associated with a budget (up to 50 actions per budget).

To learn more about AWS Budgets Actions Pricing, refer to the AWS Budgets Pricing webpage.

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