How is the national budget process like an individual budget process?

Neither type of budget calculates borrowed money as part of the budget process.
Each type of budget has categories that are fixed, meaning the amount cannot be changed.
The national budget is the total of all the government officials’ individual budgets added together.
Both types rely on tax revenues as the main source of budgeted income.

Question

How is the national budget process like an individual budget process?

 Neither type of budget calculates borrowed money as part of the budget process.
 Each type of budget has categories that are fixed, meaning the amount cannot be changed.
 The national budget is the total of all the government officials’ individual budgets added together.
 Both types rely on tax revenues as the main source of budgeted income.

anonymous · Answer

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