The government budget is a financial plan that outlines the expected revenues and expenditures of a government for a specific period, usually one fiscal year. It reflects the government's priorities, policies, and allocation of resources. The budget comprises various components, including revenue sources (such as taxes, fees, and borrowing), government expenditures (such as public services, infrastructure investment, defense, and social welfare programs), and the fiscal deficit or surplus. The budgeting process involves the formulation, implementation, and evaluation of government fiscal policies. The government budget plays a crucial role in economic management, as it determines the level of public spending, the allocation of resources, and the overall fiscal stance of the government. Understanding the government budget is important for businesses and individuals to assess the impact of government policies, anticipate changes in taxation and spending, and plan accordingly.