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.

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.

Source: Webster's Revised Unabridged Dictionary (1913)