budget Definition
- 1an estimate of income and expenditure for a set period of time
- 2the amount of money needed or available for a purpose
Using budget: Examples
Take a moment to familiarize yourself with how "budget" can be used in various situations through the following examples!
Example
The company has to work within a tight budget this year.
Example
We need to create a budget for our household expenses.
Example
The government has allocated a large budget for education this year.
Example
The film was made on a shoestring budget.
budget Synonyms and Antonyms
Synonyms for budget
- estimate
- allocation
- allowance
- financial plan
- spending plan
Antonyms for budget
Idioms Using budget
Example
The project was completed within budget and on time.
a situation in which there is not enough money available to cover all necessary expenses
Example
The company is experiencing a budget squeeze due to rising costs and falling revenue.
Example
The senator is known as a budget hawk, always pushing for cuts in government programs.
Phrases with budget
Example
We're traveling on a budget, so we're staying in hostels and cooking our own meals.
Example
The school had to make budget cuts due to a decrease in funding.
a situation in which the amount of money spent is greater than the amount of money earned or received
Example
The country is facing a budget deficit due to overspending on military programs.
Origins of budget
from Old French 'bougette', meaning 'little bag'
Summary: budget in Brief
The term 'budget' [ˈbʌdʒɪt] refers to an estimate of income and expenditure for a set period of time, or the amount of money available for a purpose. It can be used in contexts ranging from personal finance to government spending, as in 'The government has allocated a large budget for education this year.' 'Budget' also appears in phrases like 'on a budget,' indicating a limited amount of money, and idioms like 'budget hawk,' referring to someone who advocates for strict control of spending.