"Budget Law"

A Budget Law is a legal framework that sets out how a government plans to manage its financial resources for a specific period, usually a year. It details the government's expected income, primarily from taxes, and specifies how much will be spent on various public services and projects. The law ensures transparency and accountability by requiring approval from legislative authorities before funds are allocated, helping prevent overspending and misuse of public money. Essentially, it serves as the official financial plan that guides government activities and fiscal responsibility within a defined timeframe.