The main goal of creating the federal budget is:
1. To decide how to manage the government's tax revenue:
- The federal budget helps in determining how the government will allocate its tax revenue across various sectors like education, defense, healthcare, and infrastructure.
2. To ensure efficient use of funds:
- By creating a budget, the government can plan and prioritize spending to maximize the benefits for the country as a whole.
3. To achieve economic stability:
- The budget aims to maintain economic stability by controlling inflation, promoting growth, and managing government debt levels.
4. To set financial goals and priorities:
- The budget process allows the government to set financial goals, identify priorities, and allocate resources accordingly to meet the needs of the citizens.
Overall, the federal budget plays a crucial role in guiding the government's financial decisions, ensuring accountability, and promoting economic well-being for the country.
