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Editing a budget allows you to modify all of the budget properties you've set when creating it. What's important to remember is that when modifying a budget, the changes you make are applied to all budget periods - past, current and future. There is currently no way of editing a budget to prevent historical budgets from being affected.
To begin modifying a budget, switch to the Budget section of the application from the sidebar and then use the pencil icon in the top-right to enter Edit mode and tap on the budget you wish to edit.
In the window that opens, you'll be see all the account properties that you saw when creating the budget in the first place.
Remember! Changing anything - for example the budget balance - would cause it to be modified to all budget periods - not only the current and the future ones but to the past ones too.