budget
noun
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.
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
GOVERNMENT, FINANCE, ECONOMICS (also UK Budget)
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
budget
verb [ I or T ]
FINANCE, ACCOUNTING uk/ˈbʌdʒɪt/ usto 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.
budget
adjective [ before noun ]
COMMERCE uk/ˈbʌdʒɪt/ uscosting 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