Budget

Pronunciation

• IPA: /ˈbÊŒdÊ’.ɪt/
• Rhymes: -ÊŒdʒɪt

Origin

Recorded since 1432 as Middle English bogett, bouget, bowgette ("leather pouch"), from Old French bougette, the diminutive of bouge ("leather bag, wallet") (also the root of bulge), itself from Latin bulga ("leather bag, bellow"), of Gaulish origin (Celtic, compare Old Irish bolg ("bag"), Breton bolc’h ("flax pod")), a common root with the Germanic family (compare Dutch balg ("child")), from the Proto-Indo-European *bhelgh-.

Full definition of budget

Noun

1. (obsolete) A wallet, purse or bag.
• 1590, Edmund Spenser, The Faerie Queene, III.x:With that out of his bouget forth he drew
  Great store of treasure, therewith him to tempt ....
2. The amount of money or resources earmarked for a particular institution, activity or time-frame.
3. An itemized summary of intended expenditure; usually coupled with expected revenue.

Derived terms

Adjective

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

Synonyms

• (appropriate to a restricted budget) low-cost

Verb

1. (intransitive) To construct or draw up a budget.''Budgeting is even harder in times of recession
2. (transitive) To provide funds, allow for in a budget.''The PM’s pet projects are budgeted rather generously
3. (transitive) To plan for the use of in a budget.The prestigious building project is budgeted in great detail, from warf facilities to the protocollary opening.