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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 1 Lessons Learned

Unit 1 Lessons Learned

Q Introduction Students are expected to reflect on what they have learned about public budgeting and finance from their textbook each unit, including “take-aways” that will be useful in their future careers. Directions Students are expected to reflect on at least TWO lessons that they have learned from their readings in the textbook (Lee, Johnson, and Joyce) this unit and write 1-2 short paragraphs for each lesson learned. Comments should focus on the implications for public budgeting and finance based upon topics they have found especially relevant. 1) Add Title page and Reference page 2) Double-spaced, Times New Roman 12 font 3) Make sure to add citations and references formatted according to APA style. 4) DO NOT use direct quotes. Instead paraphrase and properly cite summarized information.

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Public budgeting and finance are very significant as per the Government projections for the public, and maintaining the financial resources or implementing the procedure. As in all, I have learned a lot from this unit. The unit material allows me to get a firm grip on the concepts. In this Unit, we have learned about the major government sources of revenue and their expenses. The sales, property, as well as the income taxes, are found to be the most import sources of revenue for the government (Enache, 2020). Taxes are imposed by the official government authorities that must be paid by the citizens and businesses (Nipun, 2020).