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vesna_86 [32]
3 years ago
7

What is an annual budget that includes income and expenses for ongoing operations?

Social Studies
1 answer:
V125BC [204]3 years ago
5 0

<u>Answer:</u>

An annual budget that includes income and expenses for ongoing operations is the Operating Budget of the government.

<u>Explanation:</u>

  • In order to carry out its own expenses, the government needs to devise well in advance the provisions that are needed to be done for the said expenses.
  • In order to determine the means through which the revenue for these expenses is to be fetched, the government prepares an operating budget and presents it in front of the houses.
  • This budget is different than the national budget of the country.
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