government budget

National fiscal blueprint

A government budget is the financial plan for a nation, state, or municipality—projecting revenue (mostly taxes) and allocating spending across programs and services.

Budgets reflect political priorities: The new government budget increases defense spending while cutting education.

To balance the budget means matching expenditures to income, avoiding deficit.

allocation

appropriation

Unauthorized claiming or allocation

funding · disbursement · earmark · line item · discretionary spending · mandatory spending · entitlements · block grant · procurement · capital expenditure

process

appropriation

Unauthorized claiming or allocation

omnibus bill · reconciliation · legislative approval · forecast · estimate · oversight · accountability · transparency · public hearing

revenue

taxation

Compulsory government revenue collection

duties · fees · fines · royalties · receipts · income tax · corporate tax · sales tax · VAT · excise tax

deficit

shortfall

Failure to reach quota

overspending · underfunding · indebtedness · liabilities · sequestration · spending cuts · austerity · cutbacks · underinvestment · deficit reduction

infrastructure

roads

Paved paths for vehicles

railways · airports · utilities · energy grid · water supply · sewage · telecommunications · dams · flood defenses · sanitation

surplus

black ink

Dark pigmented writing fluid

fiscal health · savings · overage · contingency fund · reserve fund

Categories
Opposites
sector

government budgethousehold budget

Plan for domestic expenses

consumer spending

fiscal stance

government budgetbudget deficit

Spending exceeding revenue

fiscal crisis · budget surplus · national debt · government debt · balanced budget

formality and structure

government budgetblack budget

Classified government expenditure

slush fund · discretionary spending · petty cash

Family

budget, government, governing, governed, governance, budgeting, budgeted, budgets, governments

Familiarity
Top 100,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G