budget policy

Budget policy refers to the government's plan for managing its spending and revenue collection. It outlines how much money will be spent on public services like education, healthcare, and infrastructure, and how tax revenue will be raised to fund those services. Effective budget policy aims to balance spending and revenue, ensuring economic stability and promoting growth. It considers factors such as economic conditions, public needs, and long-term financial sustainability. Ultimately, budget policy shapes a country’s economic priorities and responsibilities to its citizens.