official budget
[/əˈfɪʃəl ˈbʌdʒɪt/]
nounpl: official budgets
orçamento oficial
1. A formally approved financial plan that outlines government or organizational revenue and expenditures for a specific fiscal period
The official budget for the fiscal year was presented to Congress.
O orçamento oficial para o ano fiscal foi apresentado ao Congresso.
2. A legally binding financial document that allocates funds to different departments or sectors
The city's official budget allocates millions to education and infrastructure.
O orçamento oficial da cidade aloca milhões para educação e infraestrutura.
In Brazil, 'orçamento oficial' is crucial in political discourse, particularly during budget proposal seasons when government spending priorities are debated. In the USA, the official federal budget is a major annual legislative process involving Congress and the President. Both countries view official budgets as essential tools for transparency and fiscal responsibility.
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