budgets
n. countable B1 Intermediate US //ˈbədʒɪts// UK //bˈʌdʒɪts// bud·gets
n. plans that show how much money you have and how you will spend it. You use them to make sure you do not spend more than you earn.
n. financial plans that estimate income and expenses for a set period. Often used to describe the total amount of money available for a specific purpose.
We need to set strict budgets for our holiday spending.
The department manager reviewed the annual budgets to see if there was enough money for new equipment.
While individual household budgets are often flexible, municipal budgets are subject to rigorous public oversight and must account for every cent of taxpayer revenue.
Usage
Plural form of 'budget'. Often used with the verbs 'set', 'manage', or 'cut'.