Government Budget

A Government Budget is an organizational budget for a government entity.

• Context:
  • It can (often) be divided into an Government Operating Budget and a Government Capital Budget.
  • It can range from being a Local Government Budget to being a State/Province Budget to being a National Budget.
  • …
• Example(s):
  • Palo Alto City's City Budget for 2016[1].
  • …
• Counter-Example(s):
  • a For-Profit Budget.
  • a Government General Ledger.
  • a Project Budget.
• See: Project Plan, Government Revenues, Government Expenditures, Property Tax, Sales Tax, Income Tax.

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References

2015

• (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/government_budget Retrieved:2015-12-14.
  • A government budget is a government document presenting the government's proposed revenues and spending for a financial year that is often passed by the legislature, approved by the chief executive or president and presented by the Finance Minister to the nation. The budget is also known as the Annual Financial Statement of the country. This document estimates the anticipated government revenues and government expenditures for the ensuing (current) financial year. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for municipal and county revenues, while sales tax and/or income tax are the basis for state revenues, and income tax and corporate tax are the basis for national revenues.

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