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English definition of “budget”

budget

noun     /ˈbʌdʒɪt/
[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. a project/departmental/corporate 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.
→ See also austerity budget, balanced budget, capital budget, cash budget, sales budget, unbalanced budget, variable budget
(Definition of budget noun from the Cambridge Business English Dictionary © Cambridge University Press)
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