Depends what you mean by budget. Mid-range brands like Kumho and Cooper are significantly cheaper than Michelin / Continental / Dunlop etc.
I've had Kumho Ecstas on a couple of cars and have not been able to detect any difference in terms or wet or dry grip, braking or road noise, but they've saved me around 30 - 40% of the cost of the factory-fit Michelin / Conti.
Quite. I've done many miles on Toyos and Coopers (the latter Winters) and they were very good. Given that most of us drive at no more than 50% of capacity most of the time I can't see the extra 10% a premium tyre may give you in a particular area makes a significant difference. That said, I did buy some very cheap tyres once, and they were dreadful; that was back in the days when I was young, impoverished and easily lead by the monkey's at Kwik Fit. But there are many cheaper tyres with a good reputation.
Ultimately, it's all about driving within limits of your vehicle and finding a good compromise. And 'buying the most expensive tyres you can afford' is a popular maxim, but what does it mean? Afford out of disposable income, afford out of disposable income plus your car fund, afford out of loan? Per month, per year? How many people buy the best brake pads they can afford? Or the best discs? Or the best shock absorbers? How many people buy a spare set of wheels with winter tyres?
I'd suggest lots of research on-line when you've identified a make, there's a world of information out there.
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