AskDefine | Define budget

Dictionary Definition



1 a sum of money allocated for a particular purpose; "the laboratory runs on a budget of a million a year"
2 a summary of intended expenditures along with proposals for how to meet them; "the president submitted the annual budget to Congress" v : make a budget

User Contributed Dictionary

see Budget



bogett, bouget, bougette bag, wallet. From the gaulic BULGA "bellow" a common root with the germanic.


  • /ˈbʌdʒ.ɪt/, /"bVdZ.It/
  • Rhymes with: -ʌdʒɪt


  1. Of, or relating to a budget.
  2. Appropriate to a restricted budget.
    We flew on a budget airline.


of, or relating to a budget
  • Chinese traditional/simplified: 預算, 预算 (yù suàn)
  • Kurdish:
  • Polish: budżetowy
  • Swedish: budget-
appropriate to a restricted budget


  1. The amount of money or resources earmarked for a particular activity or time-frame.
  2. An itemized summary of intended expenditure.


amount of money or resources
  • Chinese traditional/simplified: 經費, 經費 (jīng fèi)
  • Czech: rozpočet
  • French: budget
  • German: Budget, Etat, Haushalt
  • Greek: προϋπολογισμός
  • Polish: budżet, preliminarz
  • Russian: бюджет
itemized summary of intended expenditure
  • Chinese traditional/simplified: 預算費, 预算费 (yù suàn fèi)
  • Czech: rozpočet
  • Dutch: begroting
  • German: Budget, Etat, Haushalt
  • Greek: προϋπολογισμός
  • Polish: preliminarz
  • Russian: бюджет (b'udžét) , смета (sm'éta)

Derived terms


  1. To construct or use a budget.


construct or use a budget
  • Chinese traditional/simplified: 安排, 安排 (ān pái)
  • Polish: gospodarować
  • Spanish: presuponer
  • Swedish: bugetera (construct a budget)




Extensive Definition

Budget (from french bougette, purse) generally refers to a list of all planned expenses and revenues. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.
In summary, the purpose of budgeting is to:
  1. Provide a forecast of revenues and expenditures i.e. construct a model of how our business might perform financially speaking if certain strategies, events and plans are carried out.
  2. Enable the actual financial operation of the business to be measured against the forecast.

Business Start-up Budget

Description of the expected financial results of your business activities. Initial process of calculating your small business start-up costs list everything you will need to purchase including both tangible assets (for example, equipment, inventory) and services (for example, remodeling, insurance), working capital, sources and collateral. The budget should contain a narrative explaining how you decided on the amount you are putting into this reserve.

Corporate budget

The budget of a company is compiled annually. A finished budget usually requires considerable effort and can be seen as a financial plan for the new financial year. While traditionally the Finance department compiles the company's budget, modern software allows hundreds or even thousands of people in the various departments (operations, human resources, IT etc) to contribute their expected revenues and expenses to the final budget.
If the actual numbers delivered through the financial year turn out to be close to the budget, this will demonstrate that the company understands their business and has been successfully driving it in the direction they had planned. On the other hand, if the actuals diverge wildly from the budget, this sends out an 'out of control' signal and the share price could suffer as a result.

Event Management Budget

A budget and planning tool to assist in calculating and meeting the costs associated with a business or social event. It is a fundamental tool that enable the event director to predict with reasonable accuracy whether the event will result in a profit, a loss or will break-even.

Government budget

details Government budget The budget of a government is a summary or plan of the intended revenues and expenditures of that government. In the United States, 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.
In the UK the budget is prepared by the Chancellor of the Exchequer, the second most important member of the government, and must be passed by Parliament. Parliament seldom makes changes to the budget.

Personal or family budget

details Personal budget In a personal or family budget all sources of income (inflows) are identified and expenses (outflows) are planned with the intent of matching outflows to inflows (making ends meet.) In consumer theory, the equation restricting an individual or household to spend no more than its total resources is often called the budget constraint.


budget in Afrikaans: Begroting
budget in Asturian: Presupuestu
budget in Bosnian: Budžet
budget in Bulgarian: Бюджет
budget in Danish: Budget
budget in German: Budget
budget in Estonian: Eelarve
budget in Spanish: Presupuesto
budget in Esperanto: Buĝeto
budget in French: Budget
budget in Galician: Orzamento
budget in Hindi: बजट
budget in Croatian: Proračun (ekonomija)
budget in Italian: Budget
budget in Hebrew: תקציב
budget in Georgian: ბიუჯეტი
budget in Latvian: Budžets
budget in Lithuanian: Biudžetas
budget in Dutch: Begroting
budget in Japanese: 予算
budget in Norwegian: Budsjett
budget in Polish: Budżet
budget in Portuguese: Orçamento
budget in Romanian: Buget
budget in Russian: Бюджет
budget in Simple English: Budget
budget in Serbian: Буџет
budget in Serbo-Croatian: Budžet
budget in Finnish: Budjetti
budget in Swedish: Budget
budget in Ukrainian: Бюджет
budget in Chinese: 財政預算案

Synonyms, Antonyms and Related Words

Swiss bank account, abundance, accounts, accounts payable, accounts receivable, accumulation, agenda, aggregate, allotment, allowance, amassment, amount, assets, backlog, balance, bale, bank account, batch, batting order, big end, bigger half, bill, bill of fare, bindle, bit, bite, blueprint, bolt, book, bottom dollar, bouquet, budget items, budgeting, bulk, bunch, bundle, burden of expenditure, calendar, card, carrying charge, carte du jour, cash reserves, charges, cheap, checking account, chunk, clutch, collection, command of money, commissariat, commissary, commission, contingent, cornucopia, cost, cost of living, cost out, cost-of-living allowance, cost-of-living index, costing-out, costs, count, cumulation, cut, deal, deck, destiny, direct costs, disbursals, disburse, distributed costs, dividend, docket, dole, dose, dump, easy, economic, economy, end, equal share, exchequer, expend, expenditures, expense, expense account, expenses, fagot, fardel, fasces, fascine, fate, finances, fork out, frugal, fund, funds, general expenses, go through, gob, group, half, halver, heap, helping, hoard, hunk, incur costs, indirect costs, inexpensive, interest, inventory, invest, kitty, labor costs, larder, large amount, lay out, liabilities, life savings, line up, lineup, list of agenda, lot, low, low-priced, manageable, mass, material, material costs, materials, materiel, means, measure, meed, menu, mess, moderate, modest, modicum, moiety, moneys, munitions, nest egg, nominal, nosegay, number, open the purse, operating costs, operating expense, outlay, outstanding accounts, overhead, pack, package, packet, parcel, part, pay, pay out, pecuniary resources, percentage, piece, pile, playbill, plenitude, plenty, pocket, pool, portion, posy, prime cost, program, program of operation, programma, proportion, prospectus, protocol, provisionment, provisions, purse, put out, quantity, quantum, quiver, quota, rake-off, ration, rations, reasonable, receipts, repertoire, repertory, replacement cost, reserves, resources, rick, roll, roster, rouleau, run through, savings, savings account, schedule, segment, sensible, shabby, share, shoddy, sink money in, slate, slice, small amount, small share, spend, splurge, squander, stack, stake, stock, stock-in-trade, stockpile, store, stores, substance, sum, supplies, supply on hand, swindle sheet, throw money around, token, total, treasure, treasury, truss, unexpensive, unit cost, unpaid accounts, unregistered bank account, wherewithal, within means, worth the money
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