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What does a budget reveal about a government?

A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.


A spending plan is referred to as?

The plan for spending money is called a budget. A budget can be utilized by a government, a business, or even an individual.


Is budget deficit a type of budget?

A budget deficit is one element of some budgets but is not a "type" of budget. You may be thinking of a "deficit budget" (see below). To start: a budget is simply a spending plan - how much the government is going to spend over the next budget period (often a year), and on what. This includes interest the government has to spend on money it has previously borrowed (usually through bonds). If the total to be spent is expected to exceed what the government expects to take in (usually through taxes), the difference is the deficit, often called the "budget deficit". On the other hand, if the government expects to take in more money than it spends, the difference is a surplus, called the budget surplus. A budget that has a deficit is a "deficit budget"; one that has a surplus is called a "surplus budget"; and one that has neither (that is, spending and income are equal) is called a "balanced budget". It's worth noting that "deficit" and "debt" are not the same. The deficit is the amount by which the government overspends its income in a single budgetary period, typically a year. The debt is the total amount of money the government owes, and can be calculated by adding up all the budget deficits and surpluses the government has ever run.


What is the difference between a business plan and a budget?

A business plan is an overall look at a business that lists areas like product overview, marketing plan, action plan and it includes financial history (if any) and financial predictions; there fore a budget. So in terms of comparing these two in the same context, a budget is a subcategory of a business plan. when talking in general, a business plan gives a comprehensive look at a company and it's objectives, while a budget shows financial planning.


How does the concept of a balanced budget apply to state government?

Only the operating budget must be balanced in state government.

Related Questions

What is the financial plan for government called?

national budget


What does a government budget reveal?

the spending plan for the fiscal year


The Ferderal Government Plan for taxing and spending is called what?

The federal budget.


What does a budget reveal about a government?

A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.


A spending plan is referred to as?

The plan for spending money is called a budget. A budget can be utilized by a government, a business, or even an individual.


Where can one find the 2013 Ontario budget?

To find the 2013 Ontario budget plan, check out the official government site. The site should have an outline of the planned budget for the year, as well as other information.


What was the Production Budget for Escape Plan?

The Production Budget for Escape Plan was $70,000,000.


What was the Production Budget for The Game Plan?

The Production Budget for The Game Plan was $22,000,000.


What was the Production Budget for A Simple Plan?

The Production Budget for A Simple Plan was $17,000,000.


What does the Senate Finance Committee have to do with budget?

The Senate Finance Committee is responsible for drafting the budget plan for Congress. The Committee is also responsible for overseeing the spending of the Federal Government.


What tool allows commanders to decide how funding will be spent to execute their assigned missions?

budget execution plan


What was the Production Budget for The Back-up Plan?

The Production Budget for The Back-up Plan was $35,000,000.