what is budget ? who approves it
Answers
Answer:
The budget approval is a process when annual estimates of public revenues and expenditure made by governments (executive branch of power) acquire a status of a legal act after discussion and voting in parliaments (or similar elected institutions).
Answer:
what is budget:-
budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.
who approves it:-
The president submits a budget to Congress by the first Monday in February every year. The budget contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal government.
Explanation: