budget noun definition in Economy topic from the Oxford Advanced Learner's Dictionary


 noun: Economy topic
1 [countable, uncountable] the money that is available to a person or an organization and a plan of how it will be spent over a period of time a monthly/an annual/a family budget the education/defence budget (= the amount of money that can be spent on this) an advertising budget of $2 million a big-budget movie We decorated the house on a tight budget (= without much money to spend). The work was finished on time and within budget (= did not cost more money than was planned). They went over budget (= spent too much money). budget cuts2 (British English also Budget) [countable, usually singular] an official statement by the government of a country’s income from taxes, etc. and how it will be spent tax cuts in this year’s budget a budget deficit (= when the government spends more money than it earns)

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