Federal Budget

The Federal Budget is a financial plan that outlines the government’s expected revenues and expenditures for a specific fiscal year. It details how money will be allocated across various sectors, including defense, education, healthcare, infrastructure, and social services. The budget reflects the government’s priorities and its economic policies, influencing national economic performance and impacting the lives of citizens. It is proposed by the President, analyzed and modified by Congress, and ultimately enacted into law. The Federal Budget serves as a tool for fiscal policy, helping to manage economic stability, control inflation, and promote growth, while also addressing deficits or surpluses.