Dear student,

Most probably it means the fees of the college.

Budget is nothing else but some people us it to tell overall fees the students is capable of paying it or not.

So while seeing 'budget in software engineering colleges' you can take it as fees of the college you are concerned about.

Rest it would have been better if you could have mentioned the name of the college too, then only we could have helped you more accurately.

But Budget is fees that you will have to pay and the living cost overall in that college is what it is called.

I hope this information helps you.

All the very best!!