Word Meaning

budget definition and meaning

n. A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions.
n. The annual financial statement which the British chancellor of the exchequer makes in the House of Commons. It comprehends a general view of the finances of the country, with the proposed plan of taxation for the ensuing year. The term is sometimes applied to a similar statement in other countries.