write a conclusion based off this essay: Federal and State Budgeting Budgeting is an essential part of maintaining and enhancing development within towns and cities. By utilizing state and federal funds, it allows each community to prioritize allocated funds to modernize each respective community with new infrastructure and technology. Costs of potential expenses or investments ultimately determine which projects will best assist the communities' needs within the budgetary fiscal year. The budget for 2025 in the State of South Carolina has been approximated to be 41.9 billion dollars (South Carolina Policy Council, 2024). The federal budget is approximately 7 trillion dollars, which leaves the federal government with an approximate 1.9 trillion dollar overlay for the fiscal year of 2025 (Congressional Budget Office, 2025). Both the federal and state government system must present their budgets through several layers of legislation before they become eligible to be fully passed into law. State and local governments are required by state law to ensure their budgets in balance and borrow only to finance capital expenditures (Hyman, 2020). Budget deficits reflect an imbalance between expenditure and revenues, ultimately resulting in deficits increasing the federal debt. The use of rainy-day funds is not utilized by the federal government, the state of South Carolina utilizes the Capital Reserve and General Reserve funds as their rainy-day funds. While the federal government has