From Longman Dictionary of Contemporary Englishbudgetbud‧get1 /ˈbʌdʒɪt/ ●●○ S3 W3 noun [countable] 1 SPEND MONEYthe money that is available to an organization or person, or a plan of how it will be spentbudget of a welfare program with a budget of $2 millionbudget for The budget for photography has been cut. We had a really tight budget.on/within budget (=not using more money than planned) The project was completed within budget.under budget (=using less money than planned) If you come in under budget, everyone will be very impressed.over budget (=using more money than planned) Feature movies always run over budget.2 → on a budget3 PEPG (also Budget) British English an official statement that a government makes about how much it intends to spend and what taxes will be necessaryCOLLOCATIONSADJECTIVES/NOUN + budgetan annual/monthly/weekly budgetThe organization has an annual budget of $24 million.the national/federal/state budgetHe has a plan to balance the federal budget.the defence/education etc budgetWe had to make cuts in the defence budget.the family/household budgetOften the husband and wife contribute equally to the family budget.a big/large budgetThe club does not have a large budget for new players.a small/low/limited budgetIt was a project with a low budget.a tight budget (=small and limited)Most young people have to live within a tight budget.a fixed budgetOur clients usually have a fixed budget.a shoestring budget (=a very small budget)The film had been made on a shoestring budget.a total budgetThe National Institute of Health had a total budget of $11. 3 billion.an overall budget (=total)There has been an increase in the overall budget made available by the Government for training.verbshave a budgetHospital caterers have a budget of about £20 per person per week.overspend your budgetThe Metropolitan Police has overspent its budget by £70 million.keep within a budget (=spend only the money that is available)Further cuts are needed in order to keep within the budget.balance the budget (=spend only the money that is available)the importance of balancing the budget and cutting taxesbudget + NOUNa budget deficit (=when a government has spent more money than it has)The country has a budget deficit of over $4 billion.a budget surplus (=when a government has more money than it spends)A huge budget surplus of over £16 billion was recorded. budget cuts (=reductions in the amount of money that is available)The department has suffered severe budget cuts.
Examples from the Corpusbudget• It is unlikely the new government will have time to draft a budget.• Texas faces a budget deficit of over $4 billion.• The company has had to cut £46.000 from its advertising budget.• A percentage of the takings is usually allocated to advertising: this is the advertising budget.• the firm's annual budget• Government cuts in the defence budget have meant a loss of 2000 jobs.• More cuts in the defense budget are expected.• Mission-driven budgets relieve legislators of micromanagement decisions, freeing them to focus on the larger problems they were elected to solve.• His first budget, in 1991, contained a $ 7 billion tax increase.• Mum always worked out the household budget according to what we could afford.• The job will involve budgeting and decision-making, as well as managing the project.• The Council has to make savings on its budget of nearly £10 million to meet Government targets.• The second reason is the fact that most people have a limited budget and are already spending all their cash on games.• Key resources are technical personnel and aircraft spare parts which account for the largest share of the maintenance budget.• Several of our recent projects have been wildly over budget.• The council has said that jobs will have to be cut in order to balance the budget.• The Republicans were wedded to conservative fiscal views that stressed the importance of balancing the budget and cutting taxes.• The renovation work to St George's Hall was completed six months ahead of schedule and under budget.• You can choose any type of wood for your furniture, according to your budget.budget for• We'll be able to go if we budget for it.budgetbudget2 verb [intransitive, transitive] 1 SPEND MONEYto carefully plan and control how much money you spend and what you will buy with it We’ll have to budget more carefully. This scheme enables you to budget the cost through fixed monthly payments.budget for We’ve budgeted for a new car next year.2 PLANif you budget something such as time, you decide how much of it you will need —budgeting noun [uncountable]→ See Verb table
Examples from the Corpusbudget• Our annual expenditure on training has been carefully budgeted.• It amounts to £92.5 million over five years which is supposed to be additional money to what is already budgeted.• The optional BillLimit feature enables customers to budget by setting a monthly limit.• By the time I had budgeted for food and rent I only had a few pounds left.• At university, young people have to budget for their living expenses, and organise their time.• Most service providers do not budget for this part of the business and often are shocked to see how much it costs.• We'll have to budget more carefully in the future. We've spent far more than we can afford.• Mark's capable of earning a lot, but he's no idea how to budget or save.• They are suddenly faced with finding a place to rent and budgeting the cost of living.• No money was budgeted to widen the freeway.• City officials concede, however, that there is no money budgeted yet for the project.• Each question should take 20 minutes, so budget your time accordingly.budgetbudget3 adjective [only before noun] 1 CHEAPvery low in price – often used in advertisements SYN cheap budget flights► see thesaurus at cheap2 → low-budget/big-budget
Examples from the Corpusbudget• a budget flight• The Tourist Information Office will give you a list of budget hotels in the area.Budget, thethe BudgetBudget, the in the UK, a plan for how the government will collect all the money it needs, which is announced each year by the Chancellor of the Exchequer (=the minister in charge of financial matters). The Chancellor is always shown going to Parliament carrying a special red case that contains the Budget speech. The speech is broadcast on television and radio, and most people take an interest in the effects of the Budget on taxes and on the price of things like petrol, alcohol, and cigarettes.From Longman Business DictionaryBudgetBud‧get /ˈbʌdʒɪt/ noun [countable]ECONOMICS an official statement that a government makes about how much it intends to spend and what the rates of taxes will be for the next year or six monthsThere is a great deal in the Budget to help investment.This year’s Budget is expected to include measures to help small businesses.budgetbudget1 noun [countable]1ACCOUNTINGFINANCEa detailed plan made by an organization or a government of how much it will receive as income over a particular period of time, and how much it will spend, what it will spend the money on etcEach year business managers draw up a budget and suggest a series of financial targets.The President has promised to balance the government’s budget (=make sure that no more is spent than is received as income) within three years.2COMMERCEFINANCEthe amount of money that an organization has to spend on a particular activity in a given period of time, usually a yearHospital caterers have a budget of about £10 per person per week.The service operates on a very tight budget (=with very little money to spare).The film was made on a shoestring budget (=a very small budget). → see also mini-budget3on a budget if you are on a budget, you have to do something with as little money as possibleOur self catering apartments are popular with those on a budget.budgetbudget2 verb [intransitive, transitive]ACCOUNTINGCOMMERCE to carefully plan and control how much you spendbudget (something) for something$100 million has been budgeted for fees and expenses. —budgeted adjectiveThe group has been trading slightly below budgeted levels.the gap between budgeted sales and turnover→ See Verb tableOrigin budget1 (1400-1500) Old French bougette “small leather bag”, from bouge “leather bag”, from Latin bulga; from the idea of bringing your spending plan out of its bag