Budget Money Spent ˈbʌdʒɪt Time Annual Million Big Budget

• a monthly/an annual/a family budget
• the education/defence budget (= the amount of money that can be spent on this)
• an advertising budget of $2 million
• a big-budget movie

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
• a monthly/an annual/a family budget
• the education/defence budget (= the amount of money that can be spent on this)
• an advertising budget of $2 million
• a big-budget movie
• 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).
• budget cuts
2. an official statement by the government of a country’s income from taxes, etc. and how it will be spent
• tax cuts in this year’s budget
• a budget deficit (= when the government spends more money than it earns)

Extra Examples

• All his projects are on time and on budget.
• Costs have been held below budget.
• Is there any money left in the budget?
• Military spending accounts for around 17% of the federal budget.
• The IT department manages its own budget.
• The annual budget deficit for 2008 could run as high as $12.8 billion.
• The budget for next year has not yet been set.
• The city has drawn up its budget for next year.
• The film was was made on a shoestring budget.
• The museum’s operating budget for 2008 is just over $2 million.
• The organization has a large annual budget.
• The project is now well over budget.
• The school has a struggle to balance its budget.
• They spent their entire budget on a new kitchen.
• This hotel caters for people on a tight budget.
• Work out a weekly budget and stick to it.
• a budget of $5 000
• a product to fit all budgets
• to keep within budget
• It’s one of those big-budget Hollywood movies.
• Tax cuts are expected to be a major part of this year’s Budget.
• The company must not go over budget.
• The finance ministry is trying to reduce the budget deficit.
• The government is planning to double the education budget.
• The hospital now faces severe budget cuts.
• The museum has an annual budget of £3 million with which to acquire new works of art.
• The work was finished on time and within budget.
• We decorated the house on a tight 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.