Government Budget
/ˈɡʌvərnmənt ˈbʌdʒɪt/
Definitions
- (n.) A financial plan adopted by a government that estimates revenue and authorizes expenditures for a specific period, typically a fiscal year.
The government budget outlines planned spending on public services and defense.
- (n.) A formal statement of anticipated government income and expenditures used to guide fiscal policy and public resource allocation.
The legislature debated the government budget before approving new tax measures.
Forms
- government budget
- government budgets
Related terms
See also
Commentary
Legal drafting of government budgets often requires clarity regarding earmarked funds and compliance with statutory fiscal limits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.