English Reference

Word

budget

Phoneticsbud·get, stress on the first syllable

US/ˈbədʒɪt/

UK/bˈʌdʒɪt/

Definitions

01financial plan

B1 · Intermediate Countable noun

n. a plan that shows how much money you have and how you will spend it over a period of time.

n. an itemized summary of estimated or intended expenditures for a given period, often coupled with expected revenue.

“We need to create a strict monthly budget to save for our summer holiday.”

“The department head presented a revised budget to the board, highlighting the need for increased investment in research and development.”

Synonyms

financial planforecastaccounts

02available funds

B1 · Intermediate Countable noun

n. the total amount of money available for a specific purpose or person.

n. the total sum of money or resources allocated for a particular institution, activity, or timeframe.

“The school has a limited budget for new library books this year.”

“Despite the military's massive budget, several key infrastructure projects remained underfunded due to administrative inefficiencies.”

03to plan spending

B2 · Upper Intermediate

v. to plan how you will spend your money or time.

v. to plan the allocation of money or resources; often used with 'for'.

“If you budget carefully, you can afford to eat out once a week.”

“The couple had to budget for unexpected repairs after the surveyor found issues with the house's foundation.”

04low cost

B1 · Intermediate

adj. cheap or suitable for people who do not have much money to spend.

adj. inexpensive; designed or marketed to suit a restricted amount of money.

“We stayed at a budget hotel near the airport to save money.”

“The airline dominates the market by offering budget fares to major European cities, though they charge extra for checked luggage.”

Synonyms

cheapeconomicallow-cost

Collocations

Common phrases and expressions where native English speakers use the word “budget” in context.

Verb

01. allocate a budget

“The marketing department was allocated a budget of fifty thousand dollars for the campaign.”

verb + noun

02. exceed the budget

“The renovation project exceeded the budget by several thousand dollars.”

verb + noun

03. stick to a budget

“It is difficult to stick to a budget when you are traveling in an expensive city.”

verb + prep + noun

Adjective

04. limited budget

“We managed to produce a high-quality film despite our limited budget.”

adj + noun

05. tight budget

“As a student, she had to live on a very tight budget and rarely ate out.”

adj + noun

Noun

06. budget cuts

“The school had to cancel the music program due to recent budget cuts.”

noun + noun

07. budget deficit

“The government is trying to reduce the national budget deficit through tax reforms.”

noun + noun

Preposition

08. on a budget

“The guidebook offers great tips for travelers who are visiting Paris on a budget.”

prep + noun

09. within budget

“The construction was completed on time and stayed within budget.”

prep + noun

Usage

Often used with the verbs 'set', 'stick to', or 'exceed'.

Real-World Examples

“One mother said uniform costs had "really eaten" into her budget.”
BBC News 18 Aug 2026
“Budgets are always an issue with public projects.”
Phys.org 17 Aug 2026

Word family

NOUN

Budget(B2)

ADJECTIVE

Related words

Idioms

Domain

Military

This entry

Exam level
CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.B2 FirstIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.5.5–6.5TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 4.0–4.572–94TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.785–944
Frequency
Very common
Level
B2 · Upper IntermediateOxford
Updated

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English Reference