Definition of budget adjective from the Oxford Advanced Learner's Dictionary

 

budget

 adjective
adjective
BrE BrE//ˈbʌdʒɪt//
 
; NAmE NAmE//ˈbʌdʒɪt//
 
The tourist industry
 
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[only before noun] (used in advertising, etc.) low in price a budget flight/hotel Save pounds on budget flights to the sun. Synonymscheapcompetitive budget affordable reasonable inexpensiveThese words all describe a product or service that costs little money or less money than you expected.cheap costing little money or less money than you expected; charging low prices. Cheap can also be used in a disapproving way to suggest that something is poor quality as well as low in price:a bottle of cheap perfume.competitive (of prices, goods or services) as cheap as or cheaper than those offered by other companies; able to offer goods or services at competitive prices.budget [only before noun] (used especially in advertising) cheap because it offers only a basic level of service.affordable cheap enough for most people to afford.reasonable (of prices) not too expensive.inexpensive (rather formal) cheap. Inexpensive is often used to mean that something is good value for its price. It is sometimes used instead of cheap, because cheap can suggest that something is poor quality.Patterns cheap/​competitive/​budget/​affordable/​reasonable prices/​fares/​rates cheap/​competitive/​budget/​affordable/​inexpensive products/​services See related entries: The tourist industry Word Origin late Middle English: from Old French bougette, diminutive of bouge ‘leather bag’, from Latin bulga ‘leather bag, knapsack’, of Gaulish origin. Compare with bulge. The word originally meant a pouch or wallet, and later its contents. In the mid 18th cent., the Chancellor of the Exchequer, in presenting his annual statement, was said “to open the budget”. In the late 19th cent. the use of the term was extended from governmental to other finances.
See the Oxford Advanced American Dictionary entry: budget