Budgets and Appropriation

Budgets and appropriation refer to the financial planning and allocation of funds by governments or organizations. A budget outlines expected revenues and expenses for a specific period, helping to manage resources effectively. Appropriation is the legal authority to spend money from a budget. In government, lawmakers create appropriations to allocate funds for various departments and programs. Together, these processes ensure that money is spent wisely and in line with priorities, providing transparency and accountability in financial management. Understanding budgets and appropriations is essential for effective governance and resource stewardship.