diff --git a/litellm/integrations/prometheus.py b/litellm/integrations/prometheus.py
index ce57309a0c..0e35c4e840 100644
--- a/litellm/integrations/prometheus.py
+++ b/litellm/integrations/prometheus.py
@@ -149,6 +149,20 @@ class PrometheusLogger(CustomLogger):
                 labelnames=["hashed_api_key", "api_key_alias"],
             )
 
+            # Max Budget for Team
+            self.litellm_team_max_budget_metric = Gauge(
+                "litellm_team_max_budget_metric", 
+                "Maximum budget set for team",
+                labelnames=["team_id", "team_alias"],
+            )
+
+            # Max Budget for API Key
+            self.litellm_api_key_max_budget_metric = Gauge(
+                "litellm_api_key_max_budget_metric",
+                "Maximum budget set for api key",
+                labelnames=["hashed_api_key", "api_key_alias"],
+            )
+
             ########################################
             # LiteLLM Virtual API KEY metrics
             ########################################
@@ -557,10 +571,22 @@ class PrometheusLogger(CustomLogger):
             user_api_team, user_api_team_alias
         ).set(_remaining_team_budget)
 
+        # Max Budget Metrics
+        if _team_max_budget is not None:
+            self.litellm_team_max_budget_metric.labels(
+                user_api_team, user_api_team_alias
+            ).set(_team_max_budget)
+
         self.litellm_remaining_api_key_budget_metric.labels(
             user_api_key, user_api_key_alias
         ).set(_remaining_api_key_budget)
 
+        # Max Budget Metrics for API Key
+        if _api_key_max_budget is not None:
+            self.litellm_api_key_max_budget_metric.labels(
+                user_api_key, user_api_key_alias
+            ).set(_api_key_max_budget)
+
     def _increment_top_level_request_and_spend_metrics(
         self,
         end_user_id: Optional[str],
diff --git a/tests/logging_callback_tests/test_prometheus_unit_tests.py b/tests/logging_callback_tests/test_prometheus_unit_tests.py
index 1026368dc6..ac8a2d33e2 100644
--- a/tests/logging_callback_tests/test_prometheus_unit_tests.py
+++ b/tests/logging_callback_tests/test_prometheus_unit_tests.py
@@ -255,10 +255,13 @@ def test_increment_remaining_budget_metrics(prometheus_logger):
     """
     Test the increment_remaining_budget_metrics method
 
-    team and api key budget metrics are set to the difference between max budget and spend
+    - team and api key remaining budget metrics are set to the difference between max budget and spend
+    - team and api key max budget metrics are set to their respective max budgets
     """
     prometheus_logger.litellm_remaining_team_budget_metric = MagicMock()
     prometheus_logger.litellm_remaining_api_key_budget_metric = MagicMock()
+    prometheus_logger.litellm_team_max_budget_metric = MagicMock()
+    prometheus_logger.litellm_api_key_max_budget_metric = MagicMock()
 
     litellm_params = {
         "metadata": {
@@ -277,20 +280,32 @@ def test_increment_remaining_budget_metrics(prometheus_logger):
         litellm_params=litellm_params,
     )
 
+    # Test remaining budget metrics
     prometheus_logger.litellm_remaining_team_budget_metric.labels.assert_called_once_with(
         "team1", "team_alias1"
     )
     prometheus_logger.litellm_remaining_team_budget_metric.labels().set.assert_called_once_with(
-        50
+        50  # 100 - 50
     )
 
     prometheus_logger.litellm_remaining_api_key_budget_metric.labels.assert_called_once_with(
         "key1", "alias1"
     )
     prometheus_logger.litellm_remaining_api_key_budget_metric.labels().set.assert_called_once_with(
-        50
+        50  # 75 - 25
     )
 
+    # Test max budget metrics
+    prometheus_logger.litellm_team_max_budget_metric.labels.assert_called_once_with(
+        "team1", "team_alias1"
+    )
+    prometheus_logger.litellm_team_max_budget_metric.labels().set.assert_called_once_with(100)
+
+    prometheus_logger.litellm_api_key_max_budget_metric.labels.assert_called_once_with(
+        "key1", "alias1"
+    )
+    prometheus_logger.litellm_api_key_max_budget_metric.labels().set.assert_called_once_with(75)
+
 
 def test_set_latency_metrics(prometheus_logger):
     """