The Federal Budget

The federal budget is a plan that outlines how the government will spend money and raise revenue over a fiscal year. It includes funding for essential services like defense, healthcare, education, and infrastructure, as well as tax policies that determine how much money the government collects. The budget reflects national priorities and economic goals, balancing expenditures with expected income. Each year, Congress must approve the budget, and it can have significant impacts on the economy, affecting everything from job creation to social programs. Essentially, it's a roadmap for managing the country’s finances.