Question

What does the state budget include?

Answer 1

Answer:

The state budget includes:

D. a plan of estimated income and expenses and a plan of operations for the government

Explanation:

A budget is an estimate or forecast of revenues and expenditures for a future period.  The revenues specify the sources of funds while the expenditures summarize the uses of funds. It is a planning tool that directs and controls actions.  It is also the basis for performance review when actual results are compared to budgeted activities.

A state budget forecasts the government's revenues and expenditures for a specific period.  It may be balanced, in deficit, or in surplus depending on how feasible the state achieves or exceeds the estimates.