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budget

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noun [countable] budget pronunciation in British English /ˈbʌdʒɪt/ 
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singularbudget
pluralbudgets
  1. 1
    the amount of money a person or organization has to spend on something

    Two-thirds of their budget goes on labour costs.

    Try to work out a monthly budget and stick to it.

    All schools are expected to manage their own budgets.

    on/within budget (=spending only as much money as you have):

    So far the project is more or less on budget.

    over/under budget (=over or under the amount you have to spend):

    The film is already way over budget.

    a tight budget (=a small amount of money):

    They run the magazine on a pretty tight budget.

    1. a.
      the amount of money a government has to spend
      education/health/defence etc budget:

      There will be no further increase in the education budget.

      budget deficit (=the amount of money spent compared with the smaller amount that was available):

      The budget deficit needs to be reduced by some £12 billion.

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