Federal Budget
Definition
The federal budget is a detailed financial document outlining the government's projected revenue and spending for the upcoming fiscal year.
Related terms
Appropriations Bill: This is a legislative act proposing to authorize the expenditure of public funds for a specific purpose.
Fiscal Policy: This refers to the use of government revenue collection (taxation) and expenditure (spending) to influence a country's economy.
Deficit Spending: This occurs when spending exceeds revenue over a particular period of time, typically a fiscal year.
"Federal Budget" appears in:
Subjects (1)
AP Macroeconomics
Study guides (1)
AP US Government - 2.1 Congress: The Senate and the House of Representatives
Practice Questions (1)
What could result from Congress failing to pass a federal budget?
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About Us
About Fiveable
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.