Answer:
An annual budget that includes income and expenses for ongoing operations is the Operating Budget of the government.
Explanation:
- In order to carry out its own expenses, the government needs to devise well in advance the provisions that are needed to be done for the said expenses.
- In order to determine the means through which the revenue for these expenses is to be fetched, the government prepares an operating budget and presents it in front of the houses.
- This budget is different than the national budget of the country.
