Explore the critical concept of privacy budgets in Privacy-Enhancing Technologies (PETs) through this insightful conference talk. Delve into the challenges of maintaining output privacy when using PETs, and learn how privacy budgets can be leveraged to ensure robust privacy preservation. Examine real-world examples demonstrating the limitations of PETs in protecting output privacy, and gain a comprehensive understanding of privacy budget allocation through various metrics and policy guidelines. Discover how privacy budgets can aid in demonstrating compliance with privacy-by-design requirements, and explore strategies for organizations to balance sensitive data protection with valuable data analysis insights.