Write in four-pages in which you define The Public Budget Cycle in a government agency of choice. Explain phases of budget cycle (preparation and submission, approval, execution and audit and evaluation) and how this relates to the overall organizational mission of the government agency.© BrainMass Inc. brainmass.com October 25, 2018, 8:36 am ad1c9bdddf
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The main purpose of budgeting is in the objective to making sure the designated projects are completed in a timely manner. The values in budget a public project where citizens are directly impacted greatly a functional process is in order for check and balances. Try and think of the public budget procedural process as a cycle of accountability from different divisions in reporting any discrepancies as well as data accordingly for system efficiency.
Let's take a look at the overall public budget cycle:
In order to functioning well the allocated resources are essential to formulating a way that monitors daily activities to balancing out sufficiently distributions. Keep in mind the government's budget is different from other types of budgeting due to the implementing policy according to the needs of the citizens. Thus, the functions in ...
The expert writes a Public Budget Cycle for government agency of choice.
Government Budget, the public debt, and social security
Congress passes and the President signs into law a bill authorizing the construction of two public recreational facilities, each of which costs $400,000 now and will last for ten years. Each project is financed by government borrowing at an interest rate of 5%. The benefits of the first project are $40,000 per year for the first five years, $60,000 per year for the next two years, and $80,000 per year for the last three years. The benefits of the second project are $70,000 per year for the first four years, $50,000 in the fifth year, $40,00 in the sixth year, and $30,000 per year for the last four year. Evaluate whether the spending on each of these projects adds to the burden of government debt over the next ten years.
Suppose that nominal GDP equals $14,000 billion, the current budget deficit is $112 billion, and the government's debt-GDP ration is 20%. (a) Given that the government wishes to maintain the debt-GDP ratio at 20%, explain whether the government needs to decrease its budget deficits, maintain the current budget deficit, or can increase its budget deficit if over the next year, nominal GDP grow by: (i) 2 percent; (ii) 4 percent; and (iii) 6 percent. Suppose that the only differences between the three nominal GDP growth rates given in part a are the growth rates of real GDP. Given your answers to part a, do the fiscal policies imposed by the desire to maintain a constant debt-GPD ratio seem appropriate from the standpoint of stabilization policy? (c) Do you answers to part B strengthen or weaken the argument that monetary policy should be the primary tool for smoothing the business cycle?View Full Posting Details