The main goal in creating the federal budget is:
- Deciding how to manage the government's tax revenue and expenditures. This involves carefully planning how much money the government will collect through taxes and how it will allocate those funds towards various programs and services.
By setting a budget, the government can prioritize spending on important areas such as healthcare, education, defense, infrastructure, and social services. It allows for the efficient allocation of resources to meet the needs of the country while ensuring that the government operates within its means.
Overall, the federal budget plays a crucial role in determining the financial health of the government and the well-being of its citizens. It helps in maintaining a balance between revenue and expenses to support the economy and promote stability and growth.
