diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index 51d4f66b9bb..a894f8cb44a 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -448,4 +448,4 @@ erpnext.patches.v16_0.update_serial_batch_entries
 erpnext.patches.v16_0.set_company_wise_warehouses
 erpnext.patches.v16_0.set_valuation_method_on_companies
 erpnext.patches.v15_0.migrate_old_item_wise_tax_detail_data_to_table
-
+erpnext.patches.v16_0.set_total_budget_amount
diff --git a/erpnext/patches/v16_0/set_total_budget_amount.py b/erpnext/patches/v16_0/set_total_budget_amount.py
new file mode 100644
index 00000000000..163f0f17274
--- /dev/null
+++ b/erpnext/patches/v16_0/set_total_budget_amount.py
@@ -0,0 +1,16 @@
+import frappe
+
+
+def execute():
+	if frappe.db.has_column("Budget", "total_budget_amount"):
+		frappe.db.sql(
+			"""
+            UPDATE `tabBudget` b
+            SET b.total_budget_amount = (
+                SELECT SUM(ba.budget_amount)
+                FROM `tabBudget Account` ba
+                WHERE ba.parent = b.name
+            )
+            WHERE IFNULL(b.total_budget_amount, 0) = 0
+            """
+		)