Chapter 16, Problem 3AA

To determine

To ascertain: The correct letter of the term that completes the definition of national budget.

Explanation of Solution

The budget is an annual budget statement detailing projected government expenditures and expected tax receipts or revenues for the current fiscal year. There are three types of budgets, depending on the viability of these balanced budget projections, budget surpluses, and budget deficits.

With this proposal, the government is introducing economic policies and understanding its goals for the programmed. State budget revenues consist mainly of taxation, customs duties, fees, and other employment. State budgetary expenses include the state's operations, which are either covered by statute or constitution. Budgeting allows for the development of a budget plan for money, it ensures that there is still sufficient funds for things that need the things that matter.

Moreover, by following the budget plan, an economy can push itself to keep out of debt. So, the answer is 'allocate'.