Detailed Instructions: Given a passage and a query based on the passage, generate an unambiguous, concise and simple answer to the query from information in the passage. Note that the answer may not be present in exact form.
Q: A budget can be of 3 types: 1 Balanced Budget: When government receipts are equal to the government expenditure, it is called a balanced budget. 2 Deficit Budget: When government expenditure exceeds government receipts, the budget is said to be deficit. A deficit can be of 3 types, Revenue, Fiscal and Primary deficit. How long the nation could sustain such growth in federal debt is impossible to predict with any confidence. At some point, investors would begin to doubt the government's willingness or ability to pay its debt obligations, which would require the government to pay much higher interest costs to borrow money. By Brian Schilling. In 2009 as part of the Health Information Technology for Economic and Clinical Health (HITECH) Act, the federal government set aside $27 billion for an incentive program that encourages hospitals and providers to adopt electronic health records systems (EHR). Government budget: Government budget, forecast by a government of its expenditures and revenues for a specific period of time. In national finance, the period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. The word budget is derived slightly outpaced by state government (47.6 percent) and well above the federal contribution (8.5 percent). When it comes to processing the various sources, districts usually keep their state and local funds separate from federal funds. In this Budget, the government will take action to: 1 make additional savings equivalent to 0.5% of total government spending, to ensure the nation lives within its means. 2 back business with a major overhaul of corporation tax reliefs, a lower corporation tax rate and a big reduction in small business rates. 1 A reserve policy, which establishes the desired level of reserves to maintain. A policy on reserves implies the need for forecasting tools to see if reserve levels will remain within desired parameters given future spending and revenues. 1997 United States federal budget $1.6 trillion (submitted 1996 by President Clinton) 1996 United States federal budget $1.6 trillion (submitted 1995 by President Clinton) The budget year runs from October 1 to September 30 the following year and is submitted by the President to Congress prior to October for the following year. Budget 2016 announces that the government will cut corporation tax further, so the rate will fall to 17% in 2020. This measure will benefit over a million companies, large and small. 120 It will ensure the UK has the lowest tax rate in the G20, as set out in Chart 1.11 below. Subsequent projections appear in The 2014 Long-Term Budget Outlook. Summary Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy's annual output, or gross domestic product (GDP). Query: how long is the government budgeted for
A:
Government budget, forecast by a government of its expenditures and revenues for a specific period of time, in national finance, the period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year.