Public Sector Budgeting

Public sector budgeting is the process that governments use to plan how they will collect and spend money over a certain period, typically annually. It involves estimating revenue from taxes and other sources, then allocating funds to various public services like healthcare, education, infrastructure, and defense. The goal is to balance resources with priorities, ensuring efficient use of taxpayer money while maintaining financial sustainability. The process includes preparing, reviewing, and approving budgets through legislative or governing bodies, providing transparency and accountability for how public funds are managed and spent to support societal needs.