Budget process

Okay kiddo, let me explain the budget process in a simple way!

You know how you get pocket money from us, right? Well, the government also gets money to run the country, like paying for schools and hospitals, building roads, and keeping us safe. But they get a lot more money than you do, and they have to plan carefully how they spend it all.

So, the budget process is like making a plan for how the government will spend its money for the whole year. It's like a really big shopping list!

First, the government looks at how much money they have from taxes and other sources. This is like counting the coins and notes in your piggy bank.

Then, they think about all the things they need to pay for, like teachers, doctors, police officers, and soldiers. They also think about things like repairing roads and bridges, and buying new equipment for hospitals and schools.

Next, they make a list of all these things and how much they will cost. This is called a budget proposal. It's like you making a list of all the things you want to buy with your pocket money.

After that, the government looks at the budget proposal and decides which things are most important, and which things they can do without. They have to make some tough decisions, just like you do when you can't afford to buy everything on your list.

Finally, they make a final budget plan, which shows how much money will be spent on different things, and how that money will be raised. This is like a final shopping list that they will stick to for the whole year.

So, that's the budget process! It's like making a big shopping list for the government, so they can use their money wisely and make sure everyone has what they need.