Hi Karl,

Its not possible to determine if a campaign is limited by budget using 
AdWords API at the moment. This information is not available in the 
Campaign Performance Report. If you are using portfolio bid strategies 
<https://developers.google.com/adwords/api/docs/guides/bidding>, you can 
use the SystemStatus field in Bid Goal Performance Report 
<https://developers.google.com/adwords/api/docs/appendix/reports/bid-goal-performance-report#systemstatus>
 to 
determine if a bidding strategy system is limited by budget. Please keep an 
eye on the blog 
<http://googleadsdeveloper.blogspot.com/search/label/adwords_api> for any 
updates about this. 

Regards,
Shwetha, AdWords API Team.

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