Federal Budget Process
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This paper examines the functioning of the federal budget process and explores the barriers involved. The paper explains that federal budgeting can also be split up into its basic standards of activity and measurement. The expenditure process involves three different stages of budget authorization, obligation, and outlays. The paper discusses the various parties involved in decision-making regarding the federal budget from Congress to the president. The laws pertinent to the federal budget process are presented in the paper. The paper contends that the federal budgetary procedure is required to endorse specific and apparent information on budgetary alternatives, to provide the lawmakers with a structure for arriving at agreeable conclusions on expenditure and receipt strategies, and to facilitate those policies to be implemented.
Cite this Research Paper:
Federal Budget Process (2005, March 15) Retrieved April 22, 2021, from https://www.academon.com/research-paper/federal-budget-process-56805/
"Federal Budget Process" 15 March 2005. Web. 22 April. 2021. <https://www.academon.com/research-paper/federal-budget-process-56805/>