On 19 September 1778, the Continental Congress passed the first official budget of the United States, marking a pivotal moment in the nation's financial history.
Amid the challenges of the Revolutionary War, this act represented a significant step toward fiscal governance, ensuring that the fledgling government could allocate funds to support the war effort, pay troops, and manage public expenses.
The budget's approval signified the growing need for organised financial oversight in the young republic, laying the groundwork for future fiscal policies that would shape the economic foundation of the United States.
