NOUN (2)

1. a sum of money allocated for a particular purpose;
- Example: "the laboratory runs on a budget of a million a year"

2. a summary of intended expenditures along with proposals for how to meet them;
- Example: "the president submitted the annual budget to Congress"


VERB (1)

1. make a budget;

The Collaborative International Dictionary of English v.0.48:

Budget \Budg"et\, n. [OE. bogett, bouget, F. bougette bag,
   wallet, dim. of OF. boge, bouge, leather bag. See Budge,
   n., and cf. Bouget.]
   1. A bag or sack with its contents; hence, a stock or store;
      an accumulation; as, a budget of inventions.
      [1913 Webster]

   2. 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.
      [1913 Webster]

   To open the budget, to lay before a legislative body the
      financial estimates and plans of the executive government.
      [1913 Webster]

WordNet (r) 3.0 (2006):

budget
    n 1: a sum of money allocated for a particular purpose; "the
         laboratory runs on a budget of a million a year"
    2: a summary of intended expenditures along with proposals for
       how to meet them; "the president submitted the annual budget
       to Congress"
    v 1: make a budget