budget

bud|get¹ W2S1 [ˈbʌdʒıt] n

[Date: 1400-1500; : Old French; Origin: bougette 'small leather bag', from bouge 'leather bag', from Latin bulga; from the idea of bringing your spending plan out of its bag]

1.) the money that is available to an organization or person, or a plan of how it will be spent

budget of

▪ a welfare program with a budget of $2 million

budget for

▪ The budget for photography has been cut.

▪ The defence budget was still growing.

▪ 80% of the annual education budget was spent on teachers' salaries.

▪ a package of fiscal policies designed to cut the budget deficit

▪ the problems posed by budget cuts and staff shortages

▪ The project was completed within budget .

▪ If you come in under budget , everyone will be very impressed.

▪ Feature movies always run over budget.

▪ We have to keep within a tight budget .

▪ They need to save £8 million this year to balance the budget .

2.) on a budget

if you are on a budget, you do not have much money to spend

▪ Travellers on a budget might prefer to camp.

▪ a book which offers great ideas for decorating on a budget

▪ families on a tight budget

3.) also Budget

BrE an official statement that a government makes about how much it intends to spend and what taxes will be necessary

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COLLOCATES for sense 1

defence/education/advertising etc budget (=the amount of money available for a particular activity)

budget deficit (=when more money has been spent than is available)

budget cut (=when less money becomes available)

on/within budget (=not costing more money than planned)

under budget (=costing less money than planned)

over budget (=costing more money than planned)

a tight budget (=when there is not much money available)

balance the budget (=make sure only the money available is spent)

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budget ²

budget² v [I and T]

1.) to carefully plan and control how much money you spend and what you will buy with it

▪ We'll have to budget more carefully in the future.

▪ This scheme enables you to budget the cost through fixed monthly payments.

budget for

▪ We've budgeted for a new car next year.

2.) if you budget something such as time, you decide how much of it you will need

>budgeting n [U]

budget ³

budget³ adj [only before noun]

1.) very low in price - often used in advertisements

= ↑cheap

▪ budget flights

2.) low-budget/big-budget

used for saying how much money has been spent on doing something, especially making a film

▪ low-budget movies