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government budget

   Also found in: Wikipedia 0.48 sec.

government budget

Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests. In the U.S. the federal budget is prepared by the president's Office of Management and Budget. The U.S. Congress has considerable input, influencing the budget's preparation through negotiations with the president and considering it in detail on its official submission to Congress.



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And with the recent federal government budget surpluses, Australia can certainly afford a chief nursing officer.
The federal government budget for 2005/2006 included $40 million of programs for Indigenous education.
Government budget cuts slashed funding 25 percent two years ago.
 
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