This was no way to prepare us for an austeritybudget.
Times, Sunday Times (2010)
The austeritybudget may not be sufficient to meet the deficit target.
Times, Sunday Times (2012)
Definition of 'budget'
budget
(bʌdʒɪt)Explore 'budget' in the dictionary
proper noun
In Britain, the Budget is the financial plan in which the government states how much money it intends to raise through taxes and how it intends to spend it. The Budget is also the speech in which this plan is announced.
Definition of 'austerity'
austerity
(ɔːsterɪti)Explore 'austerity' in the dictionary
uncountable noun [oft NOUN noun]
Austerity is a situation in which people's living standards are reduced because of economic difficulties.