The operating budget is _____. a budget for day-to-day expenses a budget for major capital, or investment, expenditures a budget in which revenues are equal to spending spending on certain programs that is mandated, or required, by existing law
The correct answer is mandatory spending. Mandatory spending is a budget for day-to-day expenses. It is also a budget for major capital, investment,and expenditures in which revenues are equal to spending on certain programs that is mandatory or required by existing law.
