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Identify three reasons why a budget is read.

Answer Text:
-It enables the government to prioritize its needs in order of importance.
-It helps the government identify sources of government revenue to meet its obligations.
-The government is able to identify development projects to finance.
-It helps MPs discuss government expenditure before it’s put to use.
-It helps the government to balance its revenue and expenditure.
-It helps government to explain to the public the government tax structures.
-Helps government assess previous budget and rectify mistakes.