The approval of a nation's annual budget ultimately depends on the political and governmental structure of that country. In many democratic countries, the responsibility of approving the annual budget lies with the legislative body, such as the parliament or congress.
Typically, the executive branch, which includes the government, proposes the budget to the legislative body. The legislative body then reviews, debates, and makes amendments to the budget before voting on its final approval. Once approved by the legislative body, the budget is implemented by the government.
In countries with a presidential system, the president often has the role of submitting the budget proposal to the legislature for approval. In parliamentary systems, the government's designated finance minister typically presents the budget proposal.
It is important to note that the exact process and individuals involved in approving the annual budget can vary from country to country, so it is best to consult the specific laws and regulations of each nation to understand the approval process in a particular context.
what is the approves the nations annual budget?
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