Which branch of Economics does a budget relate to?
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It is related to macroeconomics
- The distinct branch is concerned with the economic efficiency, economic structure, appropriate actions, and decision-making of an economy.
- An official budget is the government's forecasted or estimated revenues and expenditures over a specific time span, which is generally a year.
- It typically includes anticipated resource volume, costs and expenditures, assets and liabilities, and various other elements, thereby forming a part of macroeconomics
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