A government budget is a financial plan that outlines the expected revenues and expenditures of a government for a specific period, usually a year. It serves as a tool for managing public resources, ensuring that funds are allocated to various sectors such as education, healthcare, and infrastructure. The budget reflects the government's priorities and helps in making informed decisions about spending and taxation. The budget process typically involves several steps, including proposal, review, and approval by the legislative body, such as a parliament or congress. Once approved, the budget guides the government's financial activities and is monitored throughout the year to ensure compliance and effectiveness in achieving economic goals.