Answer:
deciding how to manage the government’s tax revenue and expenditures
Explanation:
The main goal of the creation of the federal budget is to decide how to manage the government’s tax revenue and expenditures. Therefore, the correct answer is c.
The federal budget is made of the spending and revenues of the government. It is a detailed plan towards the annual public revenue and spending of the United States Federal government.
The US federal governments used the federal budget to funds or finance its many expenses such as
The fiscal year of the Federal government starts on October 1 and ends on September 30 of the following year.
The revenue for the federal government of the United States comes from tax revenues.
The tax revenues are those on the following:
Some of the activities that the government also imposed the use of taxes include
However, there US federal budget contains 2 kinds of spending, which are
Mandatory spending is federal government spending on particular programs that are mandated by law.
These programs include
Mandatory spending is also called as entitlement spending.
Discretionary spending is spending that are approved by the passage of individual appropriation bills.
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