Budget

when the next budget will be announce

• 31 March

• 1 Feb

• 1 April

• 31 April

What is the primary purpose of the budget announcement?

• To increase taxes

• To reduce public debt

• To announce new laws

• To outline government spending

Which department is responsible for preparing the budget?

• Department of Health

• Department of Defense

• Department of Finance

• Department of Education

How often is the national budget typically reviewed?

• Every month

• Every year

• Every five years

• Every two years

What is the main source of government revenue?

• Taxes

• Loans

• Donations

• Investments

Which of the following is a key component of the budget process?

• Foreign aid

• Public consultation

• Tax collection

• Debt repayment

What is typically included in a budget proposal?

• Public opinion

• International agreements

• Historical data

• Projected income

What is a common method for evaluating budget performance?

• Focus groups

• Cost-benefit analysis

• Public surveys

• Market research

Which of the following is a potential consequence of a budget deficit?

• Increased foreign investment

• Lower taxes

• Higher interest rates

• Increased public spending

What role do economic forecasts play in the budget process?

• They allocate resources

• They set public policy

• They guide spending decisions

• They determine tax rates