government budgeting
State fiscal planning
Government budgeting is the process by which governments plan their spending and revenue for a fiscal period.
It involves projecting tax receipts, allocating funds across departments and programs, and balancing competing priorities: The infrastructure bill stalled during government budgeting negotiations.
The resulting document—the budget—authorizes expenditures and shapes policy, making government budgeting as much a political exercise as a financial one.
- appropriations billLegislation authorizing government expenditures
- taxationCompulsory government revenue collection
- tariffsTaxes on imports
- feesCosts for services
- debt ceilingMaximum government can owe
bonds · whistleblower protections · watchdog agencies · rainy day fund · cost-benefit analysis · sequestration · fines · austerity measures · grants · infrastructure · royalties · discretionary spending · mandatory spending · ethics committees · tax incentives · earmarks · pork barrel · line item veto
government budgetingpersonal finance
Individual budgeting and saving
household budgeting · family budgeting · consumer spending · personal savings
government budgetinglaissez-faire economics
Minimal state economic involvement
private enterprise · market forces · spontaneous order · capitalism · anarcho-capitalism
government, govern, governor, governed, governing, governance, governess, governmental, governable