Government spending refers to the money that a government uses to provide public services and goods, such as education, healthcare, and infrastructure. This spending is essential for maintaining and improving the quality of life for citizens and can stimulate economic growth by creating jobs and supporting businesses. Taxation is the process by which governments collect money from individuals and businesses to fund their spending. Taxes can come in various forms, including income tax, sales tax, and property tax. The balance between government spending and taxation is crucial for a healthy economy, as it affects public services and overall economic stability.