Budget

Budget (literally a small bag), used metaphorically of a collection of items, as a budget of letters, or a budget of news. In England the term is specially applied to the annual financial statement of the Chancellor of the Exchequer, usually delivered in April, comprising an account of the receipts and expenditure for the past year, and estimates of both for the current year. In France and Italy it is applied to the annual estimates of the various departments of the Government for the expenses of the army, navy, etc.