In your own words, define public budgeting and explain why the federal budget is important to...

In your own words, define public budgeting and explain why the federal budget is important to you personally?

Expert Solution

Public budgeting is the process of estimation of revenue collected from taxes by the government for public administrative purposes.
Fedral budget is important because it helps in maintaining the stability of the economy as it is the amount government spends on public welfare. It also helps in preventing market fluctuations, interest rates and inflation. Therefore, federal budget plays an important role in decisions making of the economy and helps in allocation of resources.

Rahul Sunny answered 2 years ago

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