Budget

BudgetA budget is a plan, usually but not always , for a defined , often one year or a month. A budget may include anticipated volumes and , resource quantities including time, and , environmental impacts such as greenhouse gas emissions, other impacts, , and . Companies, governments, families, and other organizations use budgets to express of activities in measurable terms.
A budget expresses intended expenditures along with proposals for how to meet them with resources. A budget may express a , providing resources for use at a time, or a deficit in which expenditures exceed or other resources.
The budget of a is a summary or plan of the anticipated resources (often but not always from taxes) and expenditures of that government. There are three types of government budgets: the operating or current budget, the capital or investment budget, and the cash or cash flow budget.
The federal budget is prepared by the , and submitted to Congress for consideration. Invariably, Congress makes many and substantial changes. Nearly all American states are required to have , but the federal government is allowed to run deficits.