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BUDGETING. 2 / 31. Definition of budget? noun 1 an estimate of income and expenditure for a set period of time. 2 the amount of money needed or available for a purpose. 3 (Budget) an annual statement of national revenue and expenditure put forward by the Chancellor of the Exchequer. ? verb (budgeted, budgeting) allow or provide for in a budget ? adjective inexpensive .
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