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The federal budget serves as a comprehensive financial plan that outlines the government's expected revenues and expenditures for a fiscal year. It helps allocate resources to various programs and services, ensuring that funds are directed toward national priorities such as defense, healthcare, education, and infrastructure. Additionally, the budget reflects the government's economic policy goals and fiscal health, guiding decisions on taxation and spending. Ultimately, it provides transparency and accountability to taxpayers regarding how public funds are utilized.

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