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The phrase "a record budget" is correct and usable in written English.
It can be used to describe a budget that is the largest or highest ever recorded in a particular context, such as government spending or organizational finances.
Example: "The city council announced a record budget for infrastructure improvements this year, surpassing all previous allocations."
Alternatives: "an unprecedented budget" or "a historic budget".
Exact(58)
The city just ended its fourth fiscal year with a record budget surplus.
This time we're already running a record budget deficit, and the long-run prospect is bleak.
Mr. Marcos left her a record budget deficit and a populist fervor that would seem to demand quick improvements.
He pointed to a record budget surplus, which would allow room for tax rebates to boost the economy.
Even better: Imagine a prosperity dividend, paid to every American man, woman, and child, thanks to a record budget surplus.
The government will run a record budget deficit next year; under a new constitutional amendment, it has to be cut almost to zero by 2016.
Economic issues were front and center during the campaign, reflecting the high unemployment rate, steep food prices and a record budget deficit of $2.1 billion.
On August 29th the country's defence ministry put in a record budget request of 5.5 trillion yen $53 billionn), for next year, up 3.5% from FY2014.
A strong economic backdrop has helped Germany post a record budget surplus of €23.7bn in 2017, fuelled by higher tax revenues, rising employment and low debt costs.
Similar(2)
Def Jam never gave him a recording budget and basically left him on the shelf.
Armed with a recording budget, he began to retreat, and slowly, quietly backed away from the spotlight.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com