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Meaning Of Budget
n.
A bag or sack with its contents; hence, a stock or store;
an accumulation; as, a budget of inventions.
n.
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.