Off-budget enterprise

Okay kiddo, let me tell you about something called off-budget enterprises.

You know how you have your own piggy bank where you save your money? Well, the government also has their own piggy bank where they save money too, it's called the federal budget.

However, sometimes the government needs to do things that cost a lot of money, like building roads, dams or even spaceships. So, they might create a special piggy bank just for that project, which means that the money they use doesn't come from their main piggy bank, the federal budget. This is what we call an off-budget enterprise.

These off-budget enterprises can be set up to fund specific projects, like building a new highway, taking care of our national parks, or providing loans for college. The government will create a separate account just for that project, with its own separate rules and regulations for how the money can be spent.

The idea is that these separate accounts can help the government manage their money more effectively and make sure that they have enough funds for important projects.

It's kind of like having a separate jar for your allowance that you use to buy your favorite toy or candy. You don't want to use all your savings for something else, right?

So, next time you hear about an off-budget enterprise, you'll know that it's like a separate piggy bank that the government uses to fund important projects.