federal budgets

A federal budget is a plan that outlines how the government will spend and collect money over a year. It includes revenues from taxes and other sources, and expenditures on programs like defense, education, healthcare, and infrastructure. The goal is to allocate resources efficiently while balancing income and spending. The budget process involves decision-making by Congress and the President to prioritize national needs, manage debt, and ensure financial stability. Essentially, it’s a financial blueprint that guides how the government funds its activities and services for the country.