The Budget of the United States

The U.S. budget is an annual plan that outlines how the government plans to spend money and generate revenue, primarily through taxes. It includes funding for programs like defense, healthcare, education, and infrastructure, while also managing debt repayments. The budget process involves proposing, reviewing, and approving the plan by Congress and the President. Balancing spending with income is essential to ensure economic stability; when spending exceeds revenue, the government borrows money, leading to national debt. Overall, the budget reflects the government's priorities and aims to support the country's economic and social well-being.