diff --git a/terragrunt/modules/openai_api_key/main.tf b/terragrunt/modules/openai_api_key/main.tf
index 6ed499f..f496a35 100644
--- a/terragrunt/modules/openai_api_key/main.tf
+++ b/terragrunt/modules/openai_api_key/main.tf
@@ -60,3 +60,28 @@ resource "azurerm_cognitive_deployment" "deployment" {
     capacity = 50 # Represents 50,000 TPM
   }
 }
+
+# Create a budget alarm with default of $25/month
+resource "azurerm_consumption_budget_resource_group" "openai_budget" {
+  name              = "openai-budget"
+  resource_group_id = azurerm_resource_group.rg.id
+  amount            = var.budget_amount
+  time_grain        = var.budget_time_grain
+
+  # Let the budget alarm expire in 10 years. We basically want to send the budget alarm to the user for indeterminate, which is currently max 10 years in the settings.
+  time_period {
+    start_date = "2025-02-01T00:00:00Z"
+    end_date   = "2035-02-01T00:00:00Z"
+  }
+  notification {
+    enabled        = true
+    threshold      = 80
+    operator       = "EqualTo"
+    threshold_type = "Forecasted"
+    # Send notifications to the SRE team and requestor email(s) when we are at 80% of the forecasted budget
+    contact_emails = concat(
+      ["sre-ifs@cds-snc.ca"],
+      var.requestor_emails
+    )
+  }
+}
diff --git a/terragrunt/modules/openai_api_key/variables.tf b/terragrunt/modules/openai_api_key/variables.tf
index 6892027..2187e96 100644
--- a/terragrunt/modules/openai_api_key/variables.tf
+++ b/terragrunt/modules/openai_api_key/variables.tf
@@ -52,3 +52,20 @@ variable "openai_deployments" {
     }
   ]
 }
+
+variable "budget_amount" {
+  type        = number
+  description = "The amount of money to spend on the Azure Cognitive Services account per month."
+  default     = 25
+}
+
+variable "budget_time_grain" {
+  type        = string
+  description = "The time period for the budget. The default is Monthly."
+  default     = "Monthly"
+}
+
+variable "requestor_emails" {
+  type        = list(string)
+  description = "The email address of the requestor of the api key."
+}
diff --git a/terragrunt/openai_api_keys.tf b/terragrunt/openai_api_keys.tf
index 6c5e157..04c4af5 100644
--- a/terragrunt/openai_api_keys.tf
+++ b/terragrunt/openai_api_keys.tf
@@ -4,6 +4,7 @@ module "valentine_api_key" {
   name                       = "valentine"
   custom_subdomain_name      = "valentine"
   resource_group_name_prefix = "valentine"
+  requestor_emails           = ["max.neuvians@cds-snc.ca"]
 }
 
 module "ai_answers_api_key" {
@@ -12,4 +13,6 @@ module "ai_answers_api_key" {
   name                       = "ai-answers"
   custom_subdomain_name      = "ai-answers"
   resource_group_name_prefix = "ai-answers"
+  budget_amount              = 50
+  requestor_emails           = ["HamzaBelal.Aburaneh@cds-snc.ca"]
 }