Final answer:
Current budgetary resources are available for incurring new obligations for one fiscal year or less. They are provided through taxes and other revenue sources and are used for day-to-day government operations and programs.
Step-by-step explanation:
Budgetary resources that are available for incurring new obligations for one fiscal year or less are called current budgetary resources. These resources are typically provided through taxes, fees, and other revenue sources. They can be used to fund day-to-day government operations and programs, such as salaries, supplies, and utilities.
For example, if a government needs to hire new staff for a specific project in the next fiscal year, it can use the current budgetary resources to cover the salaries and benefits of those employees.
It's important to note that current budgetary resources are different from long-term budgetary resources, which are allocated for longer-term projects and investments.