federal budget
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federal budget
The budget plan of the Federal Republic of Germany, in which all expected revenues, such as taxes, and planned expenditures, such as for social services, defense, and education, of the federal government are set for a fiscal year.
Der Bundestag debattiert diese Woche über den neuen Bundeshaushalt.
The Bundestag is debating the new federal budget this week.
The word consists of 'Bund' (short for the Federal Republic of Germany) and 'Haushalt' (budget). Here, 'Haushalt' does not mean household management, but the financial plan of a state or organization.
Der Finanzminister ist für die Aufstellung des Bundeshaushalts verantwortlich.
The finance minister is responsible for preparing the federal budget.
The prefix 'Bundes-' refers to the national level of the Federal Republic of Germany. You find it in many words that have to do with the German state, such as 'Bundesregierung' (federal government) or 'Bundestag' (German federal parliament).
Die Ausgaben für Verteidigung sind ein großer Posten im Bundeshaushalt.
Defense spending is a large item in the federal budget.
The federal budget goes through a political process. Typical verbs for this are: den Haushalt 'aufstellen' (to draw up/prepare the budget), 'beraten' (to debate/discuss), and 'verabschieden' or 'beschließen' (to pass/adopt; to make a final decision).
Der Bundestag muss den Bundeshaushalt noch in diesem Jahr verabschieden.
The Bundestag still has to pass the federal budget this year.
