Question 1 Original Post
Fiscal transparency aids with accomplishing both financial and monetary security. The federal/executive budget reflects a realistic evaluation of the fiscal problems affecting both the local and state government. The reason is that the reconsidered code centers help in evaluating various limit levels by separating between progressed, great, and essentially rehearses for every monetary straightforwardness guideline. The code offers strategy expectations and budgetary goals along with believable and exhaustive projections of the public accounts’ advancement. For example, organizations could use the public framework to ensure financial straightforwardness to establish normal assets.
Response to Katrina’s Original Post
The President plays a central role in the budgetary process through annual budget submission to Congress. The President may also suggest updates to their initial request or potential effects of legislative proposals on the provided estimates. Congress may choose to adopt the requests or not. The Presidential duties may lead to conflicts based on persuasion of the Congress to support their budgetary request. The conflicts arise due to the complexity of the Congress consisting of the House and Senate whereas the President represents the Executive.
Delegate your assignment to our experts and they will do the rest.
Question 2 Original Post
The major four actors include the President, the Congress, the higher education community, and the Governor who help in the budget proposal process. The President helps Congress with the proposed state budgetary estimates. The President also initiates the process by suggesting recommended spending levels of state agencies. The President ensures the budgetary allocations are implemented when they append their signature on the final proposal made by Congress. An example to show the President is crucial in the process is that Congress relies on the updated budgetary and more extensive information from the President.
Response to Demera’s Orginal Post
The Congress plays an important role in the budgetary process. The Congress helps with different tasks such as budget completion, appropriation bills, resolutions, and budget authorization. Without their authorization, no funding can be made to any agencies. The Congress is responsible for passing several funding bills every fiscal year.
References
https://www.senate.gov/CRSpubs/f33abcb0-9dfa-45a9-aa02-0b6a06f07023.pdf
