Meaning of the word budget

From Wikipedia, the free encyclopedia

A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms.^[1]

A budget expresses intended expenditures along with proposals for how to meet them with resources. A budget may express a surplus, providing resources for use at a future time, or a deficit in which expenditures exceed income or other resources.

Government[edit]

The budget of a government is a summary or plan of the anticipated resources (often but not always from taxes) and expenditures of that government. There are three types of government budget: the operating or current budget, the capital or investment budget, and the cash or cash flow budget.^[2]

By country[edit]

United States[edit]

The federal budget is prepared by the Office of Management and Budget, and submitted to Congress for consideration. Invariably, Congress makes many and substantial changes. Nearly all American states are required to have balanced budgets, but the federal government is allowed to run deficits.^[3]

India[edit]

The budget is prepared by the Budget Division Department of Economic Affairs of the Ministry of Finance annually. The Finance Minister is the head of the budget making committee. The present Indian Finance minister is Nirmala Sitharaman. The Budget includes supplementary excess grants and when a proclamation by the President as to failure of Constitutional machinery is in operation in relation to a State or a Union Territory, preparation of the Budget of such State.^{[citation needed]}

The first budget of India was submitted on 18 February 1860 by James Wilson.
P C Mahalanobis is known as the father of Indian budget.

Philippines[edit]

The Philippine budget is considered the most complicated in the world, incorporating multiple approaches in one single budget system: line-item (budget execution), performance (budget accountability), and zero-based budgeting. The Department of Budget and Management (DBM) prepares the National Expenditure Program and forwards it to the Committee on Appropriations of the House of Representatives to come up with a General Appropriations Bill (GAB). The GAB will go through budget deliberations and voting; the same process occurs when the GAB is transmitted to the Philippine Senate.

After both houses of Congress approves the GAB, the President signs the bill into a General Appropriations Act (GAA); also, the President may opt to veto the GAB and have it returned to the legislative branch or leave the bill unsigned for 30 days and lapse into law. There are two types of budget bill veto: the line-item veto and the veto of the whole budget.^[4]

Personal[edit]

A personal budget or home budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget. There are several methods and tools available for creating, using, and adjusting a personal budget. For example, jobs are an income source, while bills and rent payments are expenses. A third category (other than income and expenses) may be assets (such as property, investments, or other savings or value) representing a potential reserve for funds in case of budget shortfalls.

Corporate budget[edit]

The budget of a division, business, or corporation
^[5]
[6]
[1]
is a financial forecast for the near-term future, aggregating the expected revenues and expenses of the various departments – operations, human resources, IT, etc. – and is thus a key element in integrated business planning, with measurable targets correspondingly devolved to departmental managers (and becoming KPIs^[1]);
budgets can then also refer to non-cash resources, such as staff or time.^[1]

The budgeting process typically requires considerable effort,
^[5]
often involving dozens of staff; final sign off resides with both the financial director and operations director.
The budget is typically compiled on an annual basis, although this may be quarterly; the monitoring here is on an ongoing basis
(see Business process re-engineering § Ongoing continuous improvement).

Re the latter: if the actual figures delivered come close to those budgeted, this suggests that managers understand their business and have been successful in «delivering».
On the other hand, if the figures diverge, this sends an «out of control» signal;
additionally, the share price could suffer where these figures have been communicated to analysts.

Professionals employed in this role are often designated «Budget Analyst«,^[7]
a specialized financial analyst role.
This usually sits within the company’s financial management area in general, sometimes, specifically, in «FP&A» (Financial planning and analysis).

Types[edit]

• Sale budget – an estimate of future sales, often broken down into both units. It is used to create company and sales goals.
• Production budget – an estimate of the number of units that must be manufactured to meet the sales goals. The production budget also estimates the various costs involved with manufacturing those units, including labor and material. Created by product oriented companies.
• Capital budget – used to determine whether an organization’s long-term investments such as new machinery, replacement machinery, new plants, new products, and research development projects are worth pursuing.
• Cash flow/cash budget – a prediction of future cash receipts and expenditures for a particular time period. It usually covers a period in the short-term future. The cash flow budget helps the business to determine when income will be sufficient to cover expenses and when the company will need to seek outside financing.
• Conditional budgeting is a budgeting approach designed for companies with fluctuating income, high fixed costs, or income depending on sunk costs, as well as NPOs and NGOs.
• Marketing budget – an estimate of the funds needed for promotion, advertising, and public relations in order to market the product or service.
• Project budget – a prediction of the costs associated with a particular company project. These costs include labour, materials, and other related expenses. The project budget is often broken down into specific tasks, with task budgets assigned to each. A cost estimate is used to establish a project budget.
• Revenue budget – consists of revenue receipts of government and the expenditure met from these revenues. Revenues are made up of taxes and other duties that the government levies. Various countries and unions have created four types of tax jurisdictions: interstate, state, local and tax jurisdictions with a special status (Free-trade zones). Each of them provides a money flow to the corresponding revenue budget levels.^[8]
• Expenditure budget – includes spending data items.
• Flexibility budget – it is established for fixed cost and variable rate is determined per activity measure for variable cost.
• Appropriation budget – a maximum amount is established for certain expenditure based on management judgment.
• Performance budget – it is mostly used by organization and ministries involved in the development activities. This process of budget takes into account the end results.
• Zero based budget – A budget type where every item added to the budget needs approval and no items are carried forward from the prior years budget. This type of budget has a clear advantage when the limited resources are to be allocated carefully and objectively. Zero based budgeting takes more time to create as all pieces of the budget need to be reviewed by management.
• Personal budget – A budget type focusing on expenses for self or for home, usually involves an income to budget.

References[edit]

External links[edit]

The word budget, which can be a verb, noun or adjective, has several possible meanings. The term may refer to an estimate of the overall costs of a project or a forecast of expenses and revenues over a specific period. It may also relate to how much money I have for a project, product, or my department.

When the term refers to estimating revenues and expenses over a future period, we compile and re-evaluate it regularly. In this sense, it does not have the same meaning as forecasting.

Surplus budgets are good news. They mean we predict that sales will exceed expenses. In other words, they mean that we forecast a profit.

Deficit budgets, on the other hand, mean we expect expenses will exceed income.

Balanced budgets mean we predict an even balance of revenue and expenses. In other words, we forecast that revenue and expenses will be the same.

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A budget may be a plan that we express in money. We prepare and approve it before the financial period. It typically shows income and expenditure. Sometimes it also includes the capital that the company is going to employ.

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Budgets are not only made for companies. Countries, governments, multinational organizations, and even private individuals use budgets. In fact, all entities that make, receive, and spend money have budgets.

It is a microeconomic concept that shows the trade-off made when we exchange one good for another.

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Budget – money available to spend

The term can also mean how much money is available to spend on something.

Imagine you are buying a car. The sales person shows you a car that costs more than you had planned to spend. You might say “Lovely car, but I am afraid it exceeds my budget.”

You might then ask what cars they have up to a certain price.

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In this image, the woman’s budget is how much money she has put aside to buy a car, In other words, how much she can afford.

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To budget – verb

If I say “Nice, but I had not budgeted for that amount,” it means I cannot afford it. I had planned to spend less than the price of that product.

If a company needs to economize, it will probably reduce how much it spends on some departments.

Imagine you own a company and want to reduce the advertising department’s spending by 10%. You might say “We will reduce the amount of money we had budgeted for the advertising department by ten percent.”

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Budget – adjective

If you go on a ‘budget vacation’ it means a cheap vacation. If a customer at a car rental sales room says: “I’d like to rent a budget car,” it means he or she wants a cheap one.

In other words, when the word is an adjective, it nearly always means ‘cheap.’

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The Budget – UK

Every year, the British Government explains how it will spend the nation’s money for the next 12 months. This happens in March.

The Government also announces how it will collect enough funds to pay for that spending.

This announcement is called The Budget.

The Chancellor of the Exchequer calculates how much the Government will spend and collect in taxes. People who work in the Treasury help the Chancellor with the calculations. The equivalent of the British Chancellor in other countries is Minister of Finance.

The UK Government, like all others across the world, gets its money through taxes. The Chancellor explains what changes there will be in taxes over the next 12 months.

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Flexible budgets

Companies have fixed and variable costs. Fixed costs remain the same all the time. Variable costs, on the other hand, change from month-to-month. Hence the word ‘variable.’

Flexible budgets reflect the changing variable costs. When factory activity, for example, rises, the flexible budget or financial plan grows. Conversely, when it declines, the amount in the financial plan shrinks.

Flexible budgets contrast with static budgets.

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Etymology

Etymologists (people who study the origin of words) say the English word ‘budget’ appeared in the early fifteenth century. At that time it meant a ‘leather pouch.’ It came from the Middle French word bougette. Bougette is the diminutive of Old French bouge, meaning a ‘pouch, wallet or leather bag.’

The French word originated from the Latin bulga, meaning a ‘leather bag.’

It was not until 1733 that budget assumed its modern financial meaning. The Treasury Minister used to keep his fiscal plans in a leather wallet.

According to BusinessDictionary.com, ‘budget’ is:
“An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.”

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Video – What is a budget?

This Vernon Davis video explains what a budget is.

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1	0   0 A detailed pro forma schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget.

2	0   0 Budget The Budget is the statement (and supporting documents) delivered to the House of Commons each year by the Chancellor of the Exchequer which sets out the state of the nation’s finances and� [..]

3	0   0 Budget EU Member States contribute to a common EU budget in order to achieve common objectives.Member States directly contribute on the basis of their gross national income (GNI). Customs duties and VAT rece [..]

4	0   0 Budget Estimated cost and revenue amounts for a given range of periods and set of books. Scope Notes: There can be multiple budget versions for the same set of books.

5	0   0 Budget Financial form used to examine alternative plans for a beef operation and to estimate the profitability of each alternative.

6	0   0 Budget   a plan placed before Parliament each year showing what money the government expects to receive (revenue) and how the government wants to spend it (expenditure)

7	0   0 Budget Allocation of funds or the estimation of costs for a department, project, etc., over a specific period. The management of spending and saving money.

8	0   0 Budget The document sent to Congress by the president early each year estimating government revenue and expenditures for the ensuing fiscal year.

9	0   0 Budget «to include in a (fiscal) budget,» 1884, from budget (n.). Related: Budgeted; budgeting.

10	0   0 Budget early 15c., «leather pouch,» from Middle French bougette, diminutive of Old French bouge «leather bag, wallet, pouch,» from Latin bulga «leather bag,» of Gaulish origin ( [..]

11	0   0 Budget a plan outlining an estimate of expected income and expenditure for a given period of time.

12

0   0 Budget The detailed financial component of the strategic plan that guides the allocation of resources and provides a mechanism for identifying deviations of actual from desired performance so corrective action can be taken. A budget assigns a dollar figure to each revenue and expense related activity. A budget is usually prepared for a period of one year [..]

13	0   0 Budget money, goods, and services set aside for a specific purpose.

14	0   0 Budget An itemized forecast of the income and expenditure of a government or company for a given future period.

15

0   0 Budget A budget is a written record of income and expenses during a specific time frame, typically a year. You use a budget as a spending plan to allocate your income to cover your expenses and to track how closely your actual expenditures line up with what you had planned to spend. An essential part of personal budgeting is creating an emergency fund, wh [..]

16	0   0 Budget When unqualified, usually refers to an estimate of funds planned to cover a fiscal period. (See project budget.) Also a planned allocation of resources. [D00169]

17	0   0 Budget A budget represents an organisation’s plan expressed in monetary terms, usually addressing the allocation of resources such as people, assets and expenses.  It is often used as a measure of organis [..]

18	0   0 Budget A statement of the financial position of an entity—especially household, business, or government—based on estimates of anticipated revenues and expenditures. A budget is balanced if the revenues and [..]

19	0   0 Budget make a budget a sum of money allocated for a particular purpose; "the laboratory runs on a budget of a million a year" a summary of intended expenditures along with proposals [..]

20	0   0 Budget A detailed plan with dollar amounts. Examples of budgets used in business include the cash budget, sales budget, production budget, department budgets, the master budget, and the capital expenditures [..]

21	0   0 Budget Definition An itemized forecast of an individual’s or company’s income and expenses expected for some period in the future. With a budget, an individual is able to carefully look at how much [..]

22	0   0 Budget An itemized plan of an individual or company’s income and expenses expected for a future period of time.

23	0   0 Budget The yearly plan for where the Government is going to get money and how it will spend money.

24	0   0 Budget The government’s tax-raising and spending plans, outlined once a year by the chancellor of the exchequer.

25	0   0 Budget The total amount of funds available to meet a library’s expenditures over a fixed period of time (usually one or two years). In most budgets, funds are allocated by category of expenditure, calle [..]

26	0   0 Budget The process for preparing and documenting the Government’s economic policies and spending plans each year, resulting in the introduction of an Appropriation Bill and the delivery of the Budget state [..]

27	0   0 Budget (1) The suggested allocation of state moneys presented to the legislature for consideration; (2) a formal document that reflects the authorized expenditures of the state.

28	0   0 Budget An annual financial report on the state of the UK’s finances and economy, outlining changes to how the taxpayers money will be spent in the forthcoming year.

29	0   0 Budget , from your personal financial budget, to the government’s spending budget, to the budget of a business. In essence a budget is simply the calculation and allocation of your available money so yo [..]

30	0   0 Budget a detailed record of all income earned and spent during a specific period of time.

31	0   0 Budget See Cost of Attendance.

32	0   0 Budget Financial plan that serves as an estimate of future cost, REVENUES or both.

33	0   0 Budget Also called The daily budget, or list of pending articles, either completed or imagined, typically discussed at an afternoon news meeting at which preliminary decisions about what is to go on the front page are made. (courtesy of John E McIntyre)

34	0   0 Budget Also known as: budget, Etat, preventivo, presupuesto, orçamento

35	0   0 Budget a plan you create for controlling spending and encouraging saving.

36	0   0 Budget The financial plan for the project or program that the Federal awarding agency or pass-through entity approves during the Federal award process or in subsequent amendments to the Federal award. It may [..]

37	0   0 Budget

38	0   0 Budget A spending-and-savings plan, based on estimated income and expenses for an individual or an organization, covering a specific time period.

39	0   0 Budget The various news departments’ proposals for what they want to put in the newspaper. It budgets space in the newspaper, not dollars.

40	0   0 Budget The government's estimates on how much their programs will cost and where they will get the money to pay for them.

41	0   0 Budget This is an estimate of income and outgoings, usually completed for a period of at least one month but can be for the whole year.

42	0   0 Budget The word budget comes from an old French word bougette, which means purse. It is usually a list of all planned expenses and income, it is a way of recording a plan for saving and spending. Buy to let

43	0   0 Budget Structured outline of proposed financial activity. For example, sales budget, advertising budget.

44	0   0 Budget The estimated cost of attendance for a student at an institution: typically includes tuition, fees, books, supplies, room, board, personal expenses and transportation.

45	0   0 Budget A summary of what is spent and what is earned per week, month or any other period of time.

46	0   0 Budget A quantitative expression of a plan of action, for a given period of time, and an aid to the coordination, implementation, and measurement of the plan of action.  Also it is a tool for obtaining the [..]

47

0   0 Budget The Minister of Finance or Treasurer’s Financial Statement in moving the second reading of the first Appropriation Bill for a financial year; also the name given to documents and statements released by the Minister of Finance or Treasurer which outline the Government’s proposed economic and financial policies.

48	0   0 Budget A plan, usually limited by time period, that uses estimates of likely revenue and expenditure to allocate funds.

49	0   0 Budget A financial plan serving as an estimate of and control over future operations. The budget is a projected work program which involves units of service, revenue and expense (operating), cash flow, and c [..]

50	0   0 Budget A listing of planned revenue and expenditure for a given period

51	0   0 Budget Listing of planned revenue and expenditure for a given period.

52	0   0 Budget A plan of financial operation embodying an estimate of proposed revenues and expenditures for a given period (typically a fiscal year). The term “Approved Budget” is often used to denote the City Council officially Approved Budget under which the City and its departments operate.

53	0   0 Budget a description of a spending and savings financial plan that lists the estimates of income and expenditures for a stated period of time

54	0   0 Budget A plan of financial operation embodying an estimate of proposed expenditures for a given period and the proposed means of financing them. Used without any modifier, the term usually indicates a financial plan for a single fiscal year.

55	0   0 Budget A plan that estimates income and expenses in order to achieve financial goals.

56	0   0 Budget An organized plan whereby you match your expected income to your expected outflow

57	0   0 Budget An itemized summary of probable income and expenses for a given period. A budget is a plan for managing income, spending and saving during a given period of time.

58	0   0 Budget Budget is an itemized listing of the amount of all estimated revenue which a given business anticipates receiving and a listing of the amount of all estimated costs and expenses that will be incurred [..]

59	0   0 Budget The total spending planned for a department or project grant for a given fiscal year. For fund 10 project grants, budget appropriations are made on account codes 105-109.

60	0   0 Budget The estimated price to attend a college or university for one year.  The budget is used to determine financial aid eligibility.  It includes tuition, fees, room, board, books, supplies, personal and [..]

61	0   0 Budget A list of income and expenditure for a period of time. Shows money coming in, money to be spent and any amount left at the end.

62	0   0 Budget Your budget is the amount of money that you have to spend each month compared with your income. After deducting what you spend from the income you receive, we work out what you have left over to asses [..]

63	0   0 Budget a spending plan that accounts for your sources of income, all of your monthly and annual expenses as well as your future needs and possibilities. Budgeting is the process of forecasting your future in [..]

64	0   0 Budget Budget means the financial plan for the project or program that the awarding agency or pass-through entity approves during the award process or in subsequent amendments to the award. (2 CFR §200.8)

65	0   0 Budget The government's statement of its fiscal economic and social policies. It is usually presented once a year. Distinguish: Budget speech

66	0   0 Budget (n) a sum of money allocated for a particular purpose(n) a summary of intended expenditures along with proposals for how to meet them(v) make a budget

67	0   0 Budget The statement which the Chancellor of the Exchequer lays before the House of Commons every session, respecting the national income and expenditure, taxes and salaries. The word is the old French bouge [..]

68	0   0 Budget A budget is an estimate of a consumer’s income and expenses, separated into multiple categories. Descriptive budgets are based on the consumer’s actual spending patterns, while prescriptive budget [..]

69	0   0 Budget A report of projected income and expenses for a given period.

70	0   0 Budget The BUDGET endorsement marking is used for proposed or actual measures for the Budget before its announcement.

71	0   0 Budget A financial statement forecasting expected expenditure and income. Useful as a planning tool.

72	0   0 Budget A forecast of expected income or expenditure over a specified period of time.

73	0   0 Budget  A magazine’s projected circulation numbers and revenues for the year. The budget, now most often developed with the help of a computer model, is based on an analysis of the volume and revenue to be produced by various circulation sources, along with their costs.

74	0   0 Budget n. presupuesto, presupuestario

75	0   0 Budget A budget characterized by the designation of sums available for specific expenditure items; its adoption automatically authorizes the listed expenditure items.

76	0   0 Budget Proposed program for financing construction, additions to facilities, or other permanent improvements; it usually contains priorities and a timetable for completion.

77	0   0 Budget A budget that uses a line-item or traditional format to group proposed expenditures according to general activities or the action performed. Examples of functional categories are administration, instruction, pupil personnel services, operation, and maintenance.

78	0   0 Budget A budget that groups proposed expenditures according to certain categories known as the «objects» of the expenditures. On each line of the budget, expenses are listed in exactly the way they are paid out: Examples: «Supplies» would be one object and «utilities» would be another object.

79	0   0 Budget A plan for saving and spending money based on financial goals.

80	0   0 Budget A financial statement that includes an estimate of Government income and planned expenditure. In Northern Ireland, it is the responsibility of the Minister of Finance and Personnel.

81	0   0 Budget A financial plan that helps you track your money, make informed spending decisions, and plan for your financial goals.

82	0   0 Budget The money available for the campaign.

83	0   0 Budget is the sum of your income minus the sum of your expenses over a defined period. When you work out your budget, you can see if your outgoings are greater than your incomings.

84	0   0 Budget Detailed financial plans for carrying out specific activities for a certain period of Time. They include proposed Income and expenditures.

85	0   0 Budget Allotment of money and or time.

86	0   0 Budget «Budget» means the projections by the hospital for a specified future time period of expenditures and revenues with supporting statistical indicators.

87	0   0 Budget Tracks planned and actual expenses allocated to one or more cost centers.

88	0   0 Budget Financial plan that serves as an estimate of future cost, revenues or both.

89	0   0 Budget An estimate, often itemized, of expected income and expense for a given period in the future.

90	0   0 Budget Anticipated financial estimate, usually annually, of Federal Public Sector income and expenditure in order to comply with established programs’ goals. Also a basic instrument for expressing econo [..]

91	0   0 Budget A plan of financial operation embodying an estimate of proposed expenditures for a given period of time and the proposed means of financing them.

92	0   0 Budget estimate or financial projection.

93	0   0 Budget A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not [..]

94	0   0 Budget A budget is both a spending plan and a list of spendable funds. Related Topics Why Budget? Goals & Budgeting Decisions Bankruptcy Watching Out for Your Interest

95	0   0 Budget (See Cost of Attendance COA)

96	0   0 Budget An alternate term for the cost of attendance.

97	0   0 Budget An alternate term for the cost of attendance.

98	0   0 Budget See Cost of Attendance, below.

99

0   0 Budget the estimated total cost for an individual student to attend college (also referred to as the cost of attendance for one year or term). The budget includes billable expenses (such as tuition, fees, room, and board), as well as costs students may not have considered.  For instance, a student’s budget includes the estimated cost of travel to D [..]

100	0   0 Budget an alternate term for the cost of attendance.

101	0   0 Budget See Cost of Attendance.

102	0   0 Budget The total cost of attending K-State for one academic year. The student’s budget usually includes tuition, fees, room, board, books, supplies, travel, and personal expenses. See also cost of attendance.

103	0   0 Budget See Cost of Attendance.

104	0   0 Budget Verb;

105	0   0 Budget The estimated cost of attendance for a student at an institution. Used to determine the maximum financial aid a student is eligible for. Typically includes tuition, fees, book, supplies, room and boar [..]

106	0   0 Budget used interchangeably with COA, the financial aid budget is the total cost of education for the student for the coming year, including tuition, fees, books, room and board, transportation, and personal [..]

107	0   0 Budget See Cost of Attendance (COA)

108	0   0 Budget The estimate of a student’s cost of attending SWOSU. Same as Cost of Attendance.

109	0   0 Budget A financial plan that helps you track your money, make informed spending decisions, and plan for your financial goals.

110	0   0 Budget The estimate of a student’s cost of attending IU. Same as Cost of Attendance.

111	0   0 Budget The total estimated cost a student incurs while attending an institution.  This includes books, fees, room and board, supplies, transportation, tuition, and other miscellaneous personal expenses.

112	0   0 Budget A budget represents targets, or estimates of outcomes, planned to be achieved in a period in carrying out the University’s mission. It is a financial plan for the period that will allow the Unive [..]

113	0   0 Budget The University of Maine System calculates both the direct costs and the indirect costs to create an annual budget for students based on what the average student will incur for costs over the academic [..]

114	0   0 Budget An itemized, systematic, and authorized plan of operation, expressed in dollars, for a given period. The planned allocation of funds for future expenditures.

115	0   0 Budget A plan of financial operation expressing the estimates of proposed expenditures for a fiscal year and the proposed means of financing them.

116	0   0 Budget Budget hotels and apartments accommodations are the least expensive options for any stay. This type of accommodation is best suited for those who are "on a budget" and who want to [..]

117	0   0 Budget budget

118	0   0 Budget A detailed plan of income and expenses expected over a certain period of time. A budget can provide guidelines for managing future investments and expenses.

119	0   0 Budget A statement of a government’s planned or expected financial position for a specified period of time (usually one year) based on estimates of the expenditures to be made by the government’s m [..]

120	0   0 Budget A detailed pro forma schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget.

121	0   0 Budget A budget is a financial plan for a defined period of a year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. Comp [..]

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• Poll shows Lib Dem supporters ready to leave the party after the massive budget cuts announced by the coalition in the emergency budget• G20 communiqué expected to avoid criticism of austerity programmes in Europe ❋ Unknown (2010)

Akaka���s bill gives the czar a budget for p.r. but no oversight over anyone else���s budget��� [and the] bill doesn���t specify to whom the czar would report ��� which leaves no one responsible when goals aren���t met. ❋ Unknown (2008)

Each new budget message explained that, because of unforeseen circumstances, the promise of the previous year had not been met, but next year things would be better; next year there would be a balanced budget…. ❋ Unknown (1989)

5: In April 2009 the Daily Telegraph set up a «Twitterfall» for its coverage of the budget, in which it tried to include any tweets with the tag «#budget«. ❋ Unknown (2010)

«Instead, it is the process by which a particular type of budget is developed — a Performance Budget (or » program performance budget «). ❋ Unknown (2009)

But at least they are now using the phrase «budget cuts» in polite company. ❋ Doug Bandow (2011)

When you hear the term budget travel, we know what you think: cheap hotels, C-list attractions and meal portions that wouldn’t satisfy your average toddler.

An 18th century pamphlet The Budget Opened likened Sir Robert Walpole to a mountebank opening his ` wallet of quack medicines and conjuring tricks ‘— a less polite explanation of the term budget in its financial sense than the discreeter view that it refers to the ` Chancellor’s leather bag or dispatch box,’ hence to its contents. ❋ Unknown (1981)

If your budget is about $600 plus tip and want to take other family members, I would suggest giving me a call at 251-975-8111 and we can go do a 4 hour trolling trip for big bull redfish. ❋ Unknown (2009)

Good news … if you are one of the taxpayers of the City of Aurora who wants to see government spend less, this budget is the first major step in that direction. ❋ Unknown (2009)

Anyone who still believes that Clinton actually balanced the budget is an idiot! ❋ Unknown (2009)

So much of the budget is a slush fund to buy votes and reward campaign contributors, and to indulge the imperial fantasies of our ruling elites. ❋ Unknown (2010)

The Republicans balancing a budget is about as likely as Jamaica dominating the future of world curling. ❋ Unknown (2010)

Let me explain: a budget is a way to assign values in spending to certain priorities to ensure that more money than is available doesn’t get spent. ❋ Unknown (2009)

The Arizona budget is a vivid reflection of how the fiscal crisis afflicting state governments is cutting deeply into health care. ❋ Unknown (2010)

Why was he never brought to task for simultaneously advocating cutting taxes on the. 5% at the top of the wealth scale and arguing for cutting social security and medicare to balance the budget is a complete mystery … Oh wait, he was popular with the villagers, so no accountability is par for the course … abb1 says: ❋ Unknown (2010)

You might find, that NASA’a budget is about 20 billion dollars a year … ❋ Unknown (2009)

Taking 65 million out of their budget is a good start, 380.6 million would be just about right. ❋ Unknown (2010)

Beyond this however, there are of course other important elements and aspects when a budget is available for more extensive projects. ❋ Unknown (2009)

Did you see [that girl] that [Aaron] [hooked up] with, damn she was budget. ❋ Chris (2002)

Man, after paying my bills with that [paycheck] from [Mack] [Donalds], I only have $3 to party on. ❋ Move Zig (2003)

did you see his [bike]? hahaha [that thing] was budget like, it only had one [tyre] ❋ Rexx (2005)

Yo [‘sup]! I’ve had a miserable time managing my money, ‘cuz I been so muthafuckin’ focused on [keepin’] up wid da bling! [Werd]. ❋ Truth2Power (2004)

Now that I [bought] a new [Porsche], looks like I’m [gonna have to] be on a budget for the next 6 years. ❋ Ricky Roma (2003)

[Hey girl], [come here] and [let me check] your budget. ❋ Blawck (2007)

Stoner 1 — When we picking up that [we-]
Stoner 2 — [BUDGET MAN]! BUDGET! YOU GET BUD! REVERSE IT? WHAT DO YOU GET? BUDGET!!
Stoner 1 — woah, chill out dude, I was only asking when we were going to get the wendy house from [my brother’s]… ❋ Satirejs (2011)

This [years] [political] budget! ❋ Samydoot (2005)

[I can’t even] buy [Ramen noodle] on [my baby daddy] budget. ❋ Artiquephenom (2015)

example 1
Hey man [you wanna go] to the [movies]?
[Naw] that’s budget.
example 2
hey, buy me a beer?
sorry, budget bro. ❋ Dee Dub (2004)

English[edit]

Etymology[edit]

Recorded since 1432 as Middle English bogett, bouget, bowgette (“leather pouch”), borrowed from Old French bougette, the diminutive of bouge (“leather bag, wallet”) (also the root of bulge), itself from Late Latin bulga (“leather bag, bellow”), which derives from Gaulish *bolgā (compare Old Irish bolg (“bag”), Breton bolc’h (“flax pod”)), a common root with the Germanic family (compare Dutch balg (“bellows”)), from the Proto-Indo-European *bʰelǵʰ-. More at belly.

Pronunciation[edit]

• IPA^(key): /ˈbʌd͡ʒ.ɪt/
• Rhymes: -ʌdʒɪt

Noun[edit]

budget (plural budgets)

1. The amount of money or resources earmarked for a particular institution, activity or timeframe.

   limited budget

   unlimited budget

   tight budget

   within the budget

   over the budget

   • 1999, Des Lyver, Graham Swainson, Basics of Video Lighting (page 103)

     At the other extreme, with limitless budgets all they have to do is dream up amazing lighting rigs to be constructed and operated by the huge team of gaffers and sparks, with their generators, discharge lights, flags, gobos and brutes.

   • 2008, David Mutimer, Canadian Annual Review of Politics and Public Affairs 2002 (page 220)

     The latest Tory budget continued the trend begun in 2000 by making further small cuts in family income taxes.

   • 2009, Andrew Paquette, Computer Graphics for Artists II: Environments and Characters:

     The most common poly budget in use for games at the time of this writing is between 5,000 and 10,000 tris.

   1. (by implication) A relatively small amount of available money.

      We’re on a budget, so we can’t afford to eat at that restaurant.

2. An itemized summary of intended expenditure; usually coupled with expected revenue.
3. (obsolete) A wallet, purse or bag.
   • 2020, Hilary Mantel, The Mirror and the Light, Fourth Estate, page 364:

     The king holds up a hand to the lute player: ‘Thank you, leave us.’ The boy stuffs his music back into his budget and goes out backwards.

4. (obsolete) A compact collection of things.
5. (obsolete, military) A socket in which the end of a cavalry carbine rests.

Derived terms[edit]

Descendants[edit]

• → Cantonese: budget
• → French: budget
  • → Armenian: բյուջե (byuǰe), պյուտճե (pyutče)
  • → German: Budget
  • → Ottoman Turkish: بودجه‎ (büdce)
    • Turkish: bütçe
    • → Azerbaijani: büdcə
  • → Russian: бюдже́т (bjudžét)
• → Italian: budget
• → Swahili: bajeti

Translations[edit]

Adjective[edit]

budget (not comparable)

1. Appropriate to a restricted budget.

   We flew on a budget airline.

   • 1991, The YS Official Top 100 Part 3 (in Your Sinclair issue 72, December 1991)

     A classic budget game, there isn’t really anything outstanding about Rescue at all.

Synonyms[edit]

• (appropriate to a restricted budget): low-cost

Derived terms[edit]

• budget airline

Translations[edit]

Verb[edit]

budget (third-person singular simple present budgets, present participle budgeting, simple past and past participle budgeted)

1. (intransitive) To construct or draw up a budget.

   Budgeting is even harder in times of recession

2. (transitive) To provide funds, allow for in a budget.

   The PM’s pet projects are budgeted rather generously

3. (transitive) To plan for the use of in a budget.

   The prestigious building project is budgeted in great detail, from warf facilities to the protocollary opening.

Translations[edit]

Chinese[edit]

Alternative forms[edit]

• 筆直／笔直 (bǐzhí)

Etymology[edit]

From English budget.

Pronunciation[edit]

Noun[edit]

budget

1. (Hong Kong Cantonese) budget (allocated resources or money) (Classifier: 個／个)
2. (Hong Kong Cantonese) budget (itemized summary or list of intended expenditure) (Classifier: 份)

See also[edit]

• bud

Czech[edit]

Noun[edit]

budget m inan

1. Alternative spelling of budžet (“budget”)

   Synonym: rozpočet

Further reading[edit]

• budget in Příruční slovník jazyka českého, 1935–1957
• budget in Slovník spisovného jazyka českého, 1960–1971, 1989

Danish[edit]

Etymology[edit]

Borrowed from French budget, from English budget.

Noun[edit]

budget n (singular definite budgetet, plural indefinite budgeter)

1. budget

Dutch[edit]

Etymology[edit]

Borrowed from English budget.

Pronunciation[edit]

• IPA^(key): /bʏˈdʒɛt/, /bʏtˈʃɛt/
• Hyphenation: bud‧get
• Rhymes: -ɛt

Noun[edit]

budget n (plural budgetten or budgets, diminutive budgetje n)

1. a budget

Synonyms[edit]

• begroting

[edit]

• budgetair
• budgetbewaking
• budgetneutraal
• budgetrecht
• budgetteren

Descendants[edit]

• → Indonesian: bujet

Further reading[edit]

• “budget” in Woordenlijst Nederlandse Taal – Officiële Spelling, Nederlandse Taalunie. [the official spelling word list for the Dutch language]

French[edit]

Etymology[edit]

Orthographic borrowing from English budget, from Old French bougette. Doublet of bougette.

Pronunciation[edit]

• IPA^(key): /by.dʒɛ/

Noun[edit]

budget m (plural budgets)

1. a budget

[edit]

• budgétaire
• budgétivore m & m or f

Descendants[edit]

• → Armenian: բյուջե (byuǰe), պյուտճե (pyutče)
• → German: Budget
• → Ottoman Turkish: بودجه‎ (büdce)
  • Turkish: bütçe
  • → Azerbaijani: büdcə
• → Russian: бюдже́т (bjudžét)

Further reading[edit]

• “budget”, in Trésor de la langue française informatisé [Digitized Treasury of the French Language], 2012.

Italian[edit]

Etymology[edit]

Unadapted borrowing from English budget.

Pronunciation[edit]

• IPA^(key): /ˈbad.d͡ʒet/^[1]
• Rhymes: -addʒet
• Hyphenation: bùd‧get

Noun[edit]

budget m (invariable)

1. a budget

[edit]

• budgetario

References[edit]

Romanian[edit]

Noun[edit]

budget n (plural budgete)

1. Alternative form of buget

Declension[edit]

Swedish[edit]

Etymology[edit]

Borrowed from English budget.

Noun[edit]

budget c

1. a budget (a plan for economic spending)

Usage notes[edit]

• When used as a prefix, can also mean cheap.

Declension[edit]

Declension of budget
	Singular	Plural
Indefinite	Definite	Indefinite	Definite
Nominative	budget	budgeten	budgetar	budgetarna
Genitive	budgets	budgetens	budgetars	budgetarnas

Declension of budget
	Singular	Plural
Indefinite	Definite	Indefinite	Definite
Nominative	budget	budgeten	budgeter	budgeterna
Genitive	budgets	budgetens	budgeters	budgeternas

Derived terms[edit]

References[edit]

• budget in Svenska Akademiens ordlista (SAOL)
• budget in Elof Hellquist, Svensk etymologisk ordbok (1st ed., 1922)