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- 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 power2) calc the government budgetary position in 1984 in billons of dollarsDefine government budget in not more than 3 lines
- Why is it important to budget? (Note: You may discuss it in personal level to government level).Calculate the value of total expenditure when the budgetary deficit is given to be as $12,000 million and at the same time the total receipts are given to be as 88,000 million.Explain the importance of government budget in an economy??
- discuss the budget cycle.discuss why the annual budget is considered as a political act of state?Describe the following term in your own words. Balanced budgetSince the year 2000, the U.S. government has always been running a budget surplus. A. This statement is true. B. This statement is false. C. The federal budget is mandated by law to be balanced. D. The validity of this statement cannot be determined because the federal budget is top-secret.
- Explain how fiscal policy, monetary policy, and economic factors influence public budgeting. In what ways have you personally been impacted by state or local budgeting policies?What is the importance of studying the national budget and how it will affect our economy?Create a framework of procedure governing the planning and implementation of budgetary policies. Explain uour framework created
