Meaning of “budget” in the English Dictionary

"budget" in British English

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uk /ˈbʌdʒ.ɪt/ us /ˈbʌdʒ.ɪt/

B2 [ C or U ] a plan to show how much money a person or organization will earn and how much they will need or be able to spend:

The firm has drawn up a budget for the coming financial year.
Libraries are finding it increasingly difficult to remain within (their) budget.

B2 [ C ] the amount of money you have available to spend:

an annual budget of £40 million

More examples

  • The school budget is going to be cut again this year.
  • The project went over budget because of a miscalculation at the planning stage.
  • She managed to complete her last film well within budget.
  • I propose that we wait until the budget has been announced before committing ourselves to any expenditure.
  • People on limited budgets should avoid travelling during the holiday season if they can.

budgetverb [ I or T ]

uk /ˈbʌdʒ.ɪt/ us /ˈbʌdʒ.ɪt/

to plan how much money you will spend on something:

An extra $20 million has been budgeted for schools this year.

More examples

  • They simply said that they had not budgeted for pay increases this year.
  • More people are using home computers to help them plan and budget efficiently.
  • The financial director says he's budgeting for a full computer upgrade in the New Year.
  • Make sure you've budgeted carefully and know that you can actually afford the expense.
  • This price rise means that the bill is going to be much higher than we have budgeted for.
adjective uk /ˈbʌdʒ.ɪ.ter.i/ us /ˈbʌdʒ.ə.ter.i/

budgetary constraints

budgetadjective [ before noun ]

uk /ˈbʌdʒ.ɪt/ us /ˈbʌdʒ.ɪt/

the Budgetnoun [ C ]

uk /ˈbʌdʒ.ɪt/ us /ˈbʌdʒ.ɪt/

(Definition of “budget” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"budget" in American English

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budgetnoun [ C ]

us /ˈbʌdʒ·ɪt/

budget noun [ C ] (FINANCIAL PLAN)

a financial plan that lists expected expenses and income during a particular period:

Congress voted more funds for the defense budget.

A balanced budget is a financial plan in which expenses are no greater than income.

adjective [ not gradable ] us /ˈbʌdʒ·ɪˌter·i/

In this day and age of budgetary constraints who is going to pay for all of this?

budgetadjective [ not gradable ]

us /ˈbʌdʒ·ɪt/

budget adjective [ not gradable ] (CHEAP)

low in price; cheap:

Budget airlines have forced major airlines to lower some of their prices.

budgetverb [ I/T ]

us /ˈbʌdʒ·ɪt/

budget verb [ I/T ] (MAKE FINANCIAL PLAN)

to plan to spend money for a particular purpose:

[ T ] They budgeted $6000 for property taxes this year.

To budget is also to plan how to use something of which you have a limited supply:

[ T ] You will have to learn how to budget your time to get all your work done.

(Definition of “budget” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"budget" in Business English

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uk /ˈbʌdʒɪt/ us

[ C ] FINANCE, ACCOUNTING a plan that shows how much money an organization expects to earn and spend during a particular period of time, and how it will spend its money:

work on/draw up/establish a budget Corporate planners are busy drawing up a budget for the next fiscal year.
Fourth quarter results will be factored into the budget.
an annual/monthly/quarterly budget

[ C or U ] FINANCE, ACCOUNTING the amount of money you are allowed to spend for a particular purpose:

a budget of $4 million/€1000/£100, etc. She was given a budget of $5,000 a month to raise the four children.
cut/reduce/increase/raise a budget Local agencies were forced to cut their budgets by 50%.
over/under/on/within budget The project came in $5,000 over budget.
their research/marketing budget

also UK Budget GOVERNMENT, FINANCE, ECONOMICS an official statement from the government which explains how much money it plans to collect in taxes and spend on public services during the next year:

The Chancellor will be announcing the Budget next week.
state/federal/city/national budget
on a (tight/limited) budget

FINANCE, ACCOUNTING not having much money:

Mortgage advisers urge anyone on a tight budget to choose a fixed rate so they know they can afford the repayments.

budgetverb [ I or T ]

uk /ˈbʌdʒɪt/ us FINANCE, ACCOUNTING

to calculate how much money you must earn or save during a particular period of time, and plan how you will spend it:

With housing costs rising, prospective homeowners will need to budget very carefully.
be budgeted for sth Over $3 million has been budgeted for medical research.
be budgeted at sth The project, which is budgeted at $200,000, will be completed in eight months.

budgetadjective [ before noun ]

uk /ˈbʌdʒɪt/ us COMMERCE

costing very little money:

They offer everything from luxury hotels to budget accommodation.
budget travel/ flights

offering something for a very low price:

a budget airline/carrier

(Definition of “budget” from the Cambridge Business English Dictionary © Cambridge University Press)