Answer:
Federal Agency Estimates
Explanation:
The federal budget is all about our daily lives. Much of the revenue collected by the government comes out of our pockets, directly or indirectly. We pass on a portion of what we earn to the government in the form of indirect taxes, that is, taxes that are embedded in the price of goods and utility tariffs. There are also direct taxes, such as income taxes, which are paid by millions when they are paid or when they provide services to a company or other people.
The federal budget becomes law after going through a process of extensive negotiation, in which the federal, state and municipal governments make clear how they intend to spend in the short and medium term the funds raised from taxes, social contributions and other sources of revenue. Federal budgeting is mandatory at all levels of government. The preparation of this budget follows a periodicity provided for by law in the Federal Constitution. Thus, it happens cyclically, and starts with Federal Agency estimates.
