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The phrase "already budgeting" is correct and usable in written English.
It can be used when discussing financial planning or allocation of resources that has already begun or is currently in progress.
Example: "We are already budgeting for next year's marketing campaign to ensure we have enough funds allocated."
Alternatives: "currently allocating funds" or "in the process of budgeting".
Exact(3)
She is already budgeting for the 5 percent cut to her $2,000-a-month 2,000-a-month 2,000-a-month.
With major security challenges there, they are already budgeting for a huge deficit.
If you're not already budgeting what you'd like to spend, start doing so now.
Similar(57)
It isn't even much compared to the $5 billion already budgeted for the National Cancer Institute.
City officials said they had already budgeted for the Patrolmen's Benevolent Association's 4percentt increases.
It has already budgeted an extra six billion euros for resettlement this year.
Some of that money was already budgeted, the agency said, since new maps are printed every year.
The government has already budgeted for ¥6 trillion to pay for reconstruction, which has yet to kick in.
The higher expenses helped push overtime spending citywide $239 million beyond the $568 million that was already budgeted last year.
"The association would rather that the money already budgeted be used to repair and renovate the existing center".
The Coalition has already budgeted foreign aid savings of $7.6bn over five years – a measure that does not require legislation.
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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