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Government Budget
A government budget is a financial plan that outlines how much money the government expects to earn and spend over a specific period. The purpose of having a budget is to make sure that all government activities are funded efficiently and responsibly. It also allows for transparency and accountability so that taxpayers can see where their money is being spent.
What Small and Midsize Businesses Need to Know About Government Budget
SMBs can use government budgets to estimate how much money they can expect to receive in grants or loans. Additionally, small businesses can use government budgets as a resource for finding new opportunities to do business with the government. For example, if the government plans to build a new highway, small companies that provide construction services can bid on the project. By looking at the government budget, you can see what types of contracts are being offered and how much money is available for funding them.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
