When the president and congress begin to create a budget for the coming year they must make some key determinations. What are the three things they must determine?

When the president and Congress create a budget for the coming year, they must determine the overall revenue projections, including tax income and other sources of funding. They also need to assess spending priorities, deciding which programs and initiatives will receive funding and at what levels. Finally, they must evaluate the anticipated economic conditions and their potential impact on both revenue and expenditure, ensuring the budget aligns with broader economic goals.