The budget
Example: The budget limits available project resources
Definition
"The budget" refers to a financial plan that outlines expected income and expenditures over a specific period. It helps individuals, organizations, or governments allocate resources efficiently and control spending to meet financial goals or constraints.
Etymology
The term "the budget" derives from the Old French word 'bougette,' meaning a small bag or pouch, which in medieval England came to refer to a financial statement or summary. Did you know? The modern use of "budget" as a financial plan dates back to the 18th century when it was adopted in governmental contexts.
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"The budget" appears in the Vocaplus list "English - General - (B2) - set 2", containing 112 commonly used words.
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