Budget Money Annual Amount Spent ˈbʌdʒɪt Million Struggle

• an annual budget of £10 million
• a balanced budget (= one where the amount spend matches the amount available)
• many families struggle to balance the household budget.
• to cut/slash a budget

budget

1. the money that is available to a person or an organization and a plan of how it will be spent over a period of time
• an annual budget of £10 million
• a balanced budget (= one where the amount spend matches the amount available)
• Many families struggle to balance the household budget.
• to cut/slash a budget
• the education/defence budget (= the amount of money that can be spent on this)
• an advertising budget of $2 million
• It's one of those big-budget Hollywood movies.
• We decorated the house on a tight budget (= without much money to spend).
• The work was finished on time and within budget (= did not cost more money than was planned).
• They went over budget (= spent too much money).
• The project came in under budget.
• Is there any money left in the budget?
• The hospital now faces severe budget cuts.
• a budget surplus/shortfall (= when there is more/less money than is needed)

Extra Examples

• All his projects are on time and on budget.
• Costs have been held below budget.
• The project is now well over budget.
• The company must not go over budget.
• The IT department manages its own budget.
• The organization has a large annual budget.
• The budget for next year has not yet been set.
• The city has drawn up its budget for next year.
• Work out a weekly budget and stick to it.
• They spent their entire budget on a new kitchen.
• The school has a struggle to balance its budget.
• The museum's operating budget for 2020 is just over $2 million.
• This hotel caters for people on a tight budget.
• The film was was made on a shoestring budget.
• The government is planning to double the education budget.
• The museum has an annual budget of £3 million with which to acquire new works of art.
2. an official statement by the government of a country’s income from taxes, etc. and how it will be spent
• Tax cuts are expected to be a major part of this year's Budget.
• a budget deficit (= when the government spends more money than it earns)
• The finance ministry is trying to reduce the budget deficit.
• Military spending accounts for around 17% of the federal budget.

Word Origin

• late Middle English: from Old French bougette, diminutive of bouge ‘leather bag’, from Latin bulga ‘leather bag, knapsack’, of Gaulish origin. Compare with bulge. The word originally meant a pouch or wallet, and later its contents. In the mid 18th cent., the Chancellor of the Exchequer, in presenting his annual statement, was said “to open the budget”. In the late 19th cent. the use of the term was extended from governmental to other finances.