Political Issues: Budget and Economy

Summary

A budget is generally a list of all planned expenses and revenues. It is a plan for saving and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.
In summary, the purpose of budgeting is to: Provide a forecast of revenues and expenditures i.e. construct a model of how our business might perform financially speaking if certain strategies, events and plans are carried out. Enable the actual financial operation of the business to be measured against the forecast.
An economy consists of the realized economic system of a country or other area, the labor, capital and land resources, and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services of that area. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

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External Links to Budget and Econonmy

Budget and Econonmy - Feb 1, 2010 ... The $3.8 trillion budget proposal for the 2011 fiscal year, ... in order to prevent the economy from plunging into full-blown depression, ...

Budget and Econmy - The combination of a weak economy and projected budget shortfalls is posing a major challenge for state policymakers: How can they balance their states' ...

Important Issues to Budget and Economy

Budget and Economy - He passed the most ambitious recovery package in history to address the economic crisis. ... The Budget. In Progress

Budget and Economy - As chairman of the House Budget Committee, I helped to craft the budget resolution for Fiscal Year 2010 - an economic blueprint for the future that builds ...

References

http://www.en.wikipedia.org/wiki/Budget http://www.en.wikipedia.org/wiki/Economy