The federal budget refers to a financial document that outlines the proposed revenue and expenditure estimates for the government over a specific period, usually one year. It is prepared by the executive branch and submitted to the legislative branch for approval. The budget serves as a blueprint of the government's fiscal policy and reflects its priorities in terms of spending on various programs and initiatives. It also provides an insight into how the government plans to generate revenue, through taxes or other means, to finance its expenditures. In essence, the federal budget is a tool that helps to manage public resources efficiently and effectively, while ensuring economic stability and growth.