The United States federal budget is a financial plan that outlines how the government intends to raise and spend money during the fiscal year. It reflects the country’s economic priorities, including national defense, healthcare, social programs, infrastructure, and education. Each year, the budget proposal is prepared by the President and then reviewed, debated, and adjusted by Congress before it is approved.
A major portion of the budget goes toward mandatory spending programs such as Social Security, Medicare, and Medicaid, which support millions of Americans. Discretionary spending includes areas like defense, transportation, scientific research, and environmental protection. The budget also details expected revenue from taxes and highlights whether the government will run a surplus or a deficit.
Overall, the federal budget plays a crucial role in shaping the nation’s long-term economic stability, addressing public needs, and supporting future growth.
