One aspect of the present invention concerns the management of processing resource allocations for a Turbo receiver, where such resources are consumed from a finite resource budget within a defined processing time interval. The contemplated Turbo receiver attempts to allocate more processing resources to those demodulation and/or Turbo decoding tasks that make more valuable contributions with respect to the ultimate goal of successfully decoding all data streams that are of interest in a received signal. The advantageous management approach allows the Turbo receiver to obtain better results for a given consumption of processing resources, and further permits the Turbo receiver to quit upon either achieving a successful outcome within a defined processing time interval or exhausting the budgeted resources.