executive budget

An executive budget is a detailed financial plan prepared by the government’s executive branch, like the President or Governor, to outline expected income and expenditures for a specific period, usually a year. It serves as a proposal for funding government programs and services, reflecting priorities and policy goals. This budget is then reviewed, modified, and approved by the legislative branch. Think of it as a roadmap that guides government spending, ensuring resources are allocated effectively to serve the public’s needs while maintaining fiscal responsibility.