budget /ˈbʌd͡ʒ.ɪt/noun 6verb 3adjective 1forms 3 noun6 •an amount of money set aside to be spent on a certain thing or over a certain timeThe latest Tory budget continued the trend begun in 2000 by making further small cuts in family income taxes. — 2008 •A relatively small amount of available money.We're on a budget, so we can't afford to eat at that restaurant. •An itemized summary of intended expenditure; usually coupled with expected revenue. •(no longer used) A compact collection of things.I set off, therefore, in high spirits, for I felt that I had done good work and was bringing back a fine budget of news for my companions. — 1912 •(no longer used) A wallet, purse or bag.With that out of his bouget forth he drew / Great store of treasure, therewith him to tempt […] — 1590 •(no longer used) A socket in which the end of a cavalry carbine rests. verb3 •To construct or draw up a budget.Budgeting is even harder in times of recession •To provide funds, allow for in a budget.The PM’s pet projects are budgeted rather generously •To plan for the use of in a budget.The prestigious building project is budgeted in great detail, from wharf facilities to the protocolary opening. adjective1 •Appropriate to a restricted budget.We flew on a budget airline. formsbudgeted · budgeting · budgets