What is a "government budget"? 🔊
A "government budget" is a financial plan that outlines expected revenues and expenditures for a specific period, typically a fiscal year. It serves as a guide for allocating resources to various government programs, services, and obligations. The budget reflects the government's priorities and policy goals, affecting economic growth, social welfare, and public services. Proper budgeting is crucial for maintaining fiscal responsibility, ensuring transparency, and addressing the needs of citizens.
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