Advanced Public Sector Budgeting Term Paper by scribbler

A look at the process of creating the federal budget.
# 151690 | 1,417 words | 6 sources | APA | 2012 | US
Published on Aug 29, 2012 in Economics (Public Finance) , Political Science (Fiscal Policy (economy))


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Description:

This paper provides an overview of the complex process of creating the federal budget, focusing on the federal agencies that are involved in the budgetary process. Additionally, the paper notes that the process can become complicated as various dates, terminology and procedures can lead to confusion. The paper also states that to fully understand how the budgetary process works one must carefully examine the different aspects of it. These include knowing how the process begins, who develops the federal budget and when it goes to Congress. Then it describes the different kinds of spending programs and the action that Congress can take if it is unable to approve the budget in time. Each step of the process is outlined in the paper under headings that answer specific questions. Various terms related to the budget are defined throughout the paper. The paper concludes by summarizing the process and further explaining that the federal budgetary process can be very confusing because of its overwhelming the size and the many agencies and steps involved.

Outline:

When does Federal Budget Process Begin?
Who Develops the Proposed Federal Budget?
When does the Proposed Federal Budget go to the Congress?
What Action does Congress take upon Receipt of the Proposed Budget?
Are there Different Types of Spending Programs?
What is the Concurrent Budget Solution? How does it Differ from an Ordinary Bill?
What is Omnibus Legislation?
What is a Reconciliation Bill?
When does the Federal Government's Fiscal Year Begin?
What Action can Congress Take if it is Unable to Pass an Approved Budget in Time to Start the Next Fiscal Year?

From the Paper:

"The budget presented to Congress by the President is: a proposed spending plan for the federal government. When Congress receives the budget, it goes into a process known as budgetary resolution. This is where the House Committee on Budget and the Senate Committee on Budget will draft their own versions of the budget. Once it goes through committee, a draft version is circulated to the floor, to be voted on. Under the process Congress must act within the scope of the budget provision outlined. This allows them through a process known as concurrent resolution (which approves the spending measure without the President's signature). However, Congress can not increase spending on the budget without an appropriations bill. Once the bill has been approved by the House and the Senate, a conference report takes place. This is a committee of both houses of Congress to resolve budget disagreements. Once approved from committee, the conference report will then be sent to the House and Senate floor. After successfully being approved by both chambers, the conference report will become law. (Schick, 2000)"

Sample of Sources Used:

  • The Problem is Omnibus Legislation. (2004, November 210. Retrieved February 25, 2010 from Whit Cam website: http://www.whitcam.com/research/archives/52
  • Boskin, M. (1982). The Federal Budget: Economics and Politics. New Brunswick, NJ: Transaction Books.
  • Gibbler, J. (2006). The Federal Budget Process: A Glossary of Terms. New York, NY: Novinka Books.
  • Heniff, B. (2009). The Federal Budget Process. Alexandria, VA: Capitol Net.
  • Schick, A. (2000). The Federal Budget: Policy, Politics, Process. Washington DC: Brookings.

Cite this Term Paper:

APA Format

Advanced Public Sector Budgeting (2012, August 29) Retrieved March 23, 2023, from https://www.academon.com/term-paper/advanced-public-sector-budgeting-151690/

MLA Format

"Advanced Public Sector Budgeting" 29 August 2012. Web. 23 March. 2023. <https://www.academon.com/term-paper/advanced-public-sector-budgeting-151690/>

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