A budget is a financial plan that outlines expected income and expenses over a specific period, typically a year. It serves as a tool for individuals, businesses, and organizations to allocate resources effectively, manage spending, and achieve financial goals. A budget helps to track where money is coming from and where it is going, allowing for informed decision-making and prioritization of expenditures. By establishing limits on spending, budgeting can assist in avoiding debt, saving for future needs, and ensuring that financial obligations are met. Overall, a budget is a key component of financial management that promotes fiscal responsibility and strategic financial planning.
Takaoka City unveils its largest-ever budget of 81.7 billion yen, aiming for resilience against disasters and demographic decline. Funds are allocated for 28 restoration projects addressing earthquake damage, including roadway…