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1. What is the role of the Budget Department in the budget process?
2. As a public sector management student, what is your independent view of the change in the budget calendar?
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Solved in 2 steps
- When governments run budget surpluses, what is done with the extra funds?Discuss the public budget decision making process from the preparation phase and its products to final adoption. (1) What information is contained in the budget? (2) What are the respective roles of line agencies, the central budget office, the chief executive and the legislative body?Why is it important to budget? (Note: You may discuss it in personal level to government level).
- Which of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto powerIf government procurement officials are stewards of public funds, how can the publicensure that this money is being spent correctly? What checks and balances come to yourmind when it comes to deciding how and where to spend a ministry’s budget?Explain the importance of government budget in an economy??
- Question Answer these questions for the city of Glendale, California for their current budget. FY 2017-2018 Adopted budgethttp://www.glendaleca.gov/government/departments/finance/budget/budget-documents When does the budgeting process start and end for the current year? Which actor(s) starts the budget process? When does the fiscal year start and end? Are there instructions provided to agencies on how to prepare budget requests? Are those instructions detailed? What are the sources of revenue? Try to identify as many as you can.4) Why should the federal government not be required to balance its budget while state and local governments are?What of the following correctly exemplifies financial resources? 1. public budget revenue2. public budget surplus3. money for mandatory public programs4. money for discretionary programsA) 1,2 and 3 onlyB) 2 and 3 onlyC) 2 and 4 onlyD) 2,3 and 4 only
- How does the typical state budget process work, and what are the various actors involved in that process? What are the main characteristics of a sustainable budget? What are the main sources of revenues for states and local governments? Is it possible to balance the demands for government services with existing revenue sources? What have been the various approaches advocated to reform budgeting processes at the state and local levels? What are the five key areas of future state and local budget needs? Which one do you think is the most critical and why? Explain. assignment #10 be sure to cite your source(s) using APA StyleWhat is the importance of studying the national budget and how it will affect our economy?#3. Fiscal policy can affect the rental cost of capital. true or false.?