What is Government budget ?
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A government budget is a document prepared by the government and/or other political entity presenting its anticipated tax revenues and proposed spending/expenditure for the coming financial year.In most parliamentary systems, the budget is presented to the legislature and often requires approval of the legislature.
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•ᴀ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ʙᴜᴅɢᴇᴛ ɪs ᴀ ᴅᴏᴄᴜᴍᴇɴᴛ ᴘʀᴇᴘᴀʀᴇᴅ ʙʏ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴀɴᴅ/ᴏʀ ᴏᴛʜᴇʀ ᴘᴏʟɪᴛɪᴄᴀʟ ᴇɴᴛɪᴛʏ ᴘʀᴇsᴇɴᴛɪɴɢ ɪᴛs ᴀɴᴛɪᴄɪᴘᴀᴛᴇᴅ ᴛᴀx ʀᴇᴠᴇɴᴜᴇs ᴀɴᴅ ᴘʀᴏᴘᴏsᴇᴅ sᴘᴇɴᴅɪɴɢ/ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ғᴏʀ ᴛʜᴇ ᴄᴏᴍɪɴɢ ғɪɴᴀɴᴄɪᴀʟ ʏᴇᴀʀ.ɪɴ ᴍᴏsᴛ ᴘᴀʀʟɪᴀᴍᴇɴᴛᴀʀʏ sʏsᴛᴇᴍs, ᴛʜᴇ ʙᴜᴅɢᴇᴛ ɪs ᴘʀᴇsᴇɴᴛᴇᴅ ᴛᴏ ᴛʜᴇ ʟᴇɢɪsʟᴀᴛᴜʀᴇ ᴀɴᴅ ᴏғᴛᴇɴ ʀᴇǫᴜɪʀᴇs ᴀᴘᴘʀᴏᴠᴀʟ ᴏғ ᴛʜᴇ ʟᴇɢɪsʟᴀᴛᴜʀᴇ
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