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Q: What is the purpose of the budget speech in SA?
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A sum of money allocated for a particular purpose?

budget


What is discretionary spending within a budget?

Money that can be used for any purpose


What is the value of a balanced budget?

A balanced budget matches expenses with revenues. If your budget is not balanced you are either spending more than you take in and you have to borrow the difference or you are taking in more revenue than you can spend and that warehouses money. Budgeted reserves, a hard thing to manage, are part of the budget and should be adopted as plain policy. In that case you are setting aside revenue over expenses for a specific purpose (such as a rainy-day fund or a disaster fund.) Debt, or borrowing, can be part of a budget as well, usually showing debt payments and reserves in a sinking fund. If you maintain a sinking fund in your budget you still have a balanced budget. Typically debt is for some specific purpose, such as a new road or a bridge. In the Federal Budget there are no debts for bridges, roads, battleships or whatever they are all paid for in cash. So it could be said that some portion of the Federal budget should be shown as a debt owed for capital projects. But it is not accounted for in that fashion today. A balanced budget has value because you avoid debt to support spending and you avoid warehousing money that taxpayers might be able to spend themselves.


Who draws up the national budget?

the legislative budget board and the officer of budget planning


What is an antonym for budget?

An antonym for budget is spend