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The primary purpose of the Federal Budget is to provide a basis for funding federal obligations. This involves outlining how the government intends to allocate financial resources to various programs and services necessary for fulfilling its responsibilities. The budget serves as a detailed plan that reflects the government's priorities and objectives, ensuring that sufficient funds are allocated for various obligations such as defense, healthcare, education, and infrastructure.

By establishing the funding levels for these obligations, the Federal Budget helps ensure that the federal government can meet its commitments to citizens and other stakeholders. This includes mandatory spending for programs like Social Security and Medicare, as well as discretionary spending that requires annual approval by Congress.

While other factors, like taxation, agency performance, and the relationship between state and federal spending, are important components of the broader governmental financial landscape, they are not the primary focus of the Federal Budget itself as they relate to how the budget is structured and executed. The budget's central role is to directly address the allocation of resources to meet federal commitments.