Select the correct answer.
What is a federal budget?
A. an evaluation of the government's current revenue sources
B. an estimate of the government's total revenue and spending
C. a calculation of the amount needed to make the government debt free
D. a comparison of the government's foreign and domestic earnings
Answer (1)
The federal budget represents the government's financial plan for revenue and expenditures in a fiscal year. It includes all income sources and estimated spending across various sectors. Understanding the budget is crucial for grasping government fiscal policy and priorities. ;
