"budget set out" is correct and usable in written English.
You can use it as an alternative phrase for "budget allocation" or "budget breakdown," usually in the context of discussing the distribution of funds for a specific purpose. For example, "The government has set out a budget for the upcoming year outlining their priorities."
A Treasury spokesman said last week's budget set out all existing tax plans.
The Budget set out radical plans to completely change the tax treatment of defined contribution pensions from April 2015.
The March budget set out illustrative plans for £6bn welfare cuts in 2015-16 and £10bn the year afterwards, but Osborne would like to go faster and make the announcement in the autumn statement on 5 December.
A Treasury spokesperson said: "This Budget set out a new contract with Britain, moving from a low wage, high tax, high welfare economy to a lower welfare, lower tax and higher wage economy.
The target is based on projections of economic growth and the global carbon budget set out by the Intergovernmental Panel on Climate Change (IPCC) which gives a reasonable probability of limiting warming to 2C.
He did so on June 22nd as a member of a coalition government that includes the Liberal Democrats, and it more than lived up to expectations.The budget set out tax rises and spending cuts worth an additional £40 billion ($59 billion) or 2.2% of GDP by 2014-15, the last year of the current parliament (assuming that the coalition government survives that long).
George Osborne will announce a radical shakeup of the education system in Wednesday's budget, setting out plans to turn every school into an academy by 2022.
The chancellor of the exchequer, George Osborne, is known to object to any decarbonisation target, and has also stipulated a review of the UK's carbon budget – setting out how much carbon the UK can produce – in 2014.
He said: "The agreement secures sustainability for Northern Ireland's budget, sets out how we'll deal with paramilitary groups, and could provide a basis for a shared future for the people of Northern Ireland".
Speaking at the National Liberal Club in London on Tuesday, the Lib Dem leader said his party would insist that any coalition government of which it was part passed a "stability budget", setting out tax and welfare plans to balance the cyclically adjusted current budget, within the first 50 days of the parliament.
The revenue budget sets out spending plans on staff and services, and the officials recommend maintaining teacher numbers.
