budget

American  

[buhj-it] / ˈbʌdʒ ɪt /

noun

1. an estimate, often itemized, of expected income and expense for a given period in the future.

2. a plan of operations based on such an estimate.

3. an itemized allotment of funds, time, etc., for a given period.

4. the total sum of money set aside or needed for a purpose.

   the construction budget.

5. a limited stock or supply of something.

   his budget of goodwill.

6. Obsolete. a small bag; pouch.

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adjective

1. reasonably or cheaply priced.

   budget dresses.

verb (used with object)

budgeted, budgeting

1. to plan allotment of (funds, time, etc.).

2. to deal with (specific funds) in a budget.

verb (used without object)

budgeted, budgeting

1. to subsist on or live within a budget.

budget ¹ British  

/ ˈbʌdʒɪt /

noun

1. an itemized summary of expected income and expenditure of a country, company, etc, over a specified period, usually a financial year

2. an estimate of income and a plan for domestic expenditure of an individual or a family, often over a short period, such as a month or a week

3. a restriction on expenditure (esp in the phrase on a budget )

4. (modifier) economical; inexpensive

   budget meals for a family

5. the total amount of money allocated for a specific purpose during a specified period

6. archaic a stock, quantity, or supply

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verb

1. (tr) to enter or provide for in a budget

2. to plan the expenditure of (money, time, etc)

3. (intr) to make a budget

Budget ² British  

/ ˈbʌdʒɪt /

noun

1. an estimate of British government expenditures and revenues and the financial plans for the ensuing fiscal year presented annually to the House of Commons by the Chancellor of the Exchequer

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Other Word Forms

• budgetary adjective
• budgeter noun
• nonbudgetary adjective
• prebudget noun
• prebudgetary adjective
• pro-budgeting adjective
• rebudget verb (used with object)
• unbudgeted adjective

Etymology

Origin of budget

First recorded in 1400–50; late Middle English bowgett, from Middle French, bougette, from bouge “bag” (from Latin bulga; see bulge) + -ette -ette )

Explanation

A budget is a sum of money set aside and divided up to cover particular expenses. Like allotting certain amounts for food, rent, movies, and manicures every month to make sure you don't run out of cash. From the Middle French bougette, the noun budget translated to “leather pouch” when it was first used in the early 15th century. Perhaps a leather pouch to hold gold coins? It wasn’t until 1733 that the word took on the more specific financial meaning it has nowadays. You can budget all sorts of things, including time, money, and energy. Every year, Congress tries to balance the federal budget — but that's no easy task.

Example Sentences

A spokesperson for the lab declined to comment, referring The Times to the budget proposal.

From Los Angeles Times • Apr. 19, 2026

New York City’s budget has exploded to $127 billion from around $70 billion in 2013 —an 81% nominal increase that far outpaces inflation and population growth.

From MarketWatch • Apr. 18, 2026

Funding cuts - which amounted to a quarter of the company's budget according to campaigners - led management to cut back on touring and to stop filling vacant posts.

From BBC • Apr. 18, 2026

The group’s R&D budget currently stands at roughly $225 million, according to the Pentagon documents.

From The Wall Street Journal • Apr. 17, 2026

Eisenhower worried about the impact of military spending on the budget of the US government and feared it could crowd out other priorities and eventually stall America's roaring economic growth.

From "Spies: The Secret Showdown Between America and Russia" by Marc Favreau

Related Words

• account
• allocation
• cost
• total