The budget can be seen as a contract of presidential and congressional promises to supply funds for programs citizens desire? True or false
No, the budget cannot be seen just as a contract for the promises made on presidential & congressional grounds so as to fulfill the desires of the citizens of the country by working on certain programs designed.
Budget is prepared considering the need of the revenues and expenditures required to be done by the government for the needs of the people & economic growth. various policies and programs are formed so as to help the priority section of the society. It should be kept in mind that the allocation of the money for the expenditures and the target for the revenues should be set considering the needs of the people along with the economic strength so it can help in boosting the economic growth.
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