A National Budget is a financial plan created by a government that outlines its expected revenues and expenditures for a specific period, usually a year. It details how much money the government anticipates collecting from sources like taxes and how it plans to spend that money on public services, infrastructure, and other programs. The National Budget serves as a tool for economic management, helping to allocate resources effectively and prioritize spending. It reflects the government's policy goals and can influence the overall economy by affecting employment, inflation, and public welfare.