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.
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.
To open the budget, to lay before a legislative body the financial estimates and plans of the executive government.
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Tue 23rd July 2019