budget
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budget
A financial plan that sets out the expected income and expenses for a specific period of time; the budget.
Der Bundestag hat den Etat für das kommende Haushaltsjahr verabschiedet.
The Bundestag passed the budget for the coming fiscal year.
The word 'Etat' (budget) comes from French ('état') and literally means 'state' or 'condition'. In German, it became specialized in the meaning 'Staatshaushalt' (state budget) and then more generally 'Budget' (budget).
Der Finanzminister verteidigte den neuen Etat im Parlament.
The finance minister defended the new budget in parliament.
'Etat' (budget) is a rather formal and elevated word for 'Budget' (budget). You find it especially in the news, in politics, and in business reports.
Unser Unternehmen hat den Etat für Marketing deutlich erhöht.
Our company significantly increased the budget for marketing.
Certain verbs are often used in connection with 'Etat' (budget): 'einen Etat aufstellen' (to draw up a budget), 'verabschieden' (to pass), 'kürzen' (to cut), or 'erhöhen' (to increase).
Wegen der Krise musste die Regierung den Etat für Kultur kürzen.
Because of the crisis, the government had to cut the budget for culture.
household / budget
'Haushalt' and 'Etat' can both mean a plan for income and expenses. 'Haushalt' is often used for cities, municipalities, or the state when referring to the official financial plan. 'Etat' also means budget, but it usually sounds more formal and is often used for a department, a project, or an organization. The words can be confused because both have to do with financial planning. What matters is: 'Haushalt' also has other meanings, such as the people in a home or housework; 'Etat' only refers to the financial plan.
Wegen der hohen Kosten wurde der Etat für das Projekt gekürzt.
Because of the high costs, the budget for the project was cut.
Die Stadt muss ihren Haushalt für das nächste Jahr neu planen.
The city has to replan its budget for next year.