itemized estimate of expected income and expenses for a given period in the future used to allocate resources to programs and activates; a management plan for meeting the organization’s goals and objectives.

Merriam-Webster Online Dictionary
budget (noun)
1.
chiefly dialect a usually leather pouch, wallet, or pack , also its contents
2.
- stock supply
3.
a quantity (as of energy or water) involved in, available for, or assignable to a particular situation , also an account of gains and losses of such a quantity - the global carbon budget
4.
a) a statement of the financial position of an administration for a definite period of time based on estimates of expenditures during the period and proposals for financing them
b) a plan for the coordination of resources and expenditures
c) the amount of money that is available for, required for, or assigned to a particular purpose
budget (verb)
transitive verb
1.
a) to put or allow for in a budget
b) to require to adhere to a budget
2.
a) to allocate funds for in a budget - budget a new hospital
intransitive verb
b) to plan or provide for the use of in detail - budgeting manpower to put oneself on a budget - budgeting for a vacation
budget (adjective)
suitable for one on a budget - inexpensive
budget (Wikipedia)

A budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. Companies, governments, families and other organizations use it to express strategic plans of activities or events in measurable terms.

A budget is the sum of money allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them. It may include a budget surplus, providing money for use at a future time, or a deficit in which expenses exceed income.

Comme Sisyphe - Honoré Daumier (Brooklyn Museum)
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