Past tense of budget; allocated funds for specific purposes or planned expenses within financial limits.
From Old French 'bougette', a diminutive of 'bouge' (leather bag), originally referring to the Chancellor's bag containing financial documents. The planning sense developed from the container to its contents.
The word 'budget' literally meant a little bag, and the British Chancellor still carries the ceremonial budget in a red briefcase to Parliament each year. This tiny leather pouch evolved to represent the entire financial planning process of nations and individuals alike.
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