When economies falter, governors respond similarly, regardless of party
In today's hyper-partisan environment, do states led by Republican governors have different budgetary priorities than those led by Democrats?
In today's hyper-partisan environment, do states led by Republican governors have different budgetary priorities than those led by Democrats?
Economics & Business
Jun 27, 2024
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A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.
In summary, the purpose of budgeting is to:
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