Federal Budget Planning

Federal budget planning is the process by which the government decides how to allocate resources for various programs and services each year. It involves estimating revenues (like taxes) and outlining expenditures on essentials such as healthcare, education, defense, and infrastructure. The process typically begins with various government agencies submitting their funding requests, which are reviewed and adjusted by the executive branch. Ultimately, Congress must approve the budget, ensuring the government operates within its financial means while aiming to meet the needs of its citizens. Proper planning is crucial for economic stability and growth.