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What is responsibility of the president in making the country's budget?
Making the budget and setting taxes is the responsibility of Congress. The President has only an advisory capacity when it comes to budgeting.
What characterizes the budget making process?
Incrementalism
Who characterizes the budget making process?
Incrementalism
What characterizes the budget-making process?
Incrementalism
What role do executive departments and agencies play in the policy-making process?
they directly implement and enforce new laws that establish policy
Is Budget making is primarily a planning process whereas its administration is a part of controlling?
The administration controls the allocation of resources for a particular company. The making of the budget is the primary planning process by which this allocation of resources is decided.
How do you critically access the budget process in Nigeria and highlight its implication for National development?
To access (meaning get into) a budget process one has to be a politician or civil servant tasked with the job of making a budget for the country.
What is Presidential electors?
A person elected by the voters to represent them in making a formal selection of the Vice President and President.
How does the end result of the phase is to produce the president's Budget?
The end result of the phase is to produce the President's Budget, which is a comprehensive financial plan that outlines the government's proposed spending and revenue goals. It is the President's main tool for setting the country's economic and fiscal policies. The Budget is developed each year by the Executive Office of the President and the Office of Management and Budget (OMB). This process involves: Gathering information from federal agencies and departments Analyzing current and projected economic conditions Developing policy proposals Developing budget estimates Analyzing the impact of potential changes Making final adjustmentsOnce the Budget is finalized, the President submits it to Congress to be considered for approval. Congress then reviews the Budget and makes changes as needed before passing it into law. The President's Budget is an important document that guides the country's fiscal policies and sets the stage for the upcoming fiscal year.
What must happen before a presidents budget can be put into action?
Before a president's budget can be put into action, it must go through a series of steps. First, the president submits the budget proposal to Congress. Then, Congress reviews and analyzes the budget, making changes and adjustments as needed. After the budget is finalized and approved by both chambers of Congress, it is signed into law by the president. Only then can the budget be implemented and funds allocated accordingly.
What is a presidential elector?
A presidential elector is a person elected by the voters to represent them in making a formal selection of the Vice President and President.
Where does the budget making process begin?
The stages in a budgeting process normally start with a communication from the centre as to what the budget policy is for the year with guidelines and briefing notes. You then identify the limiting factor that will restrict performance, and in most companies that is the level of demand. So the first element that you tend to prepare in a budget is the sales budget.
