What is the significance of a budget to a government?
A) Used primarily as a planning resource
B) Budgets are not used by governments
C) Budgets carry the full authority of the law
D) None of the above

Question

Quizplus · Accepted Answer

Budgets carry the full authority of the law, meaning that they set the legal limits on government spending and revenue collection. This makes them crucial tools for governments in managing their finances and ensuring accountability to the public. Budgets are also essential for ensuring that government resources are allocated in a fair and effective manner, and for providing a basis for evaluating government performance over time.

What Is the Significance of a Budget to a Government