Budget 101 PART 1

Operating revenue

Total Expenditure

The difference is either a surplus or deficit

The annual Budget is the government’s plan for how it will get money and spend it in the upcoming fiscal year.Its revenue plan indicates the government’s outlook on the economy, such as how much it expects to receive in corporate tax.Conversely, its spending plan shows the government’s priorities and who will receive public funds.

What is the Budget and why does it matter?

Each year’s Budget may run a surplus or deficit. But under the Constitution, the government is required to keep a balanced budget over each term of government.

Each year’s Budget may run a surplus or deficit. But under the Constitution, the government is required to keep a balanced budget over each term of government.

Operating revenue

Total Expenditure

The difference is either a surplus or deficit

The annual Budget is the government’s plan for how it will get money and spend it in the upcoming fiscal year.

Its revenue plan indicates the government’s outlook on the economy, such as how much it expects to receive in corporate tax.

Conversely, its spending plan shows the government’s priorities and who will receive public funds.

Each year’s Budget may run a surplus or deficit. But under the Constitution, the government is required to keep a balanced budget over each term of government.

What is the Budget