Description
Read the Federal budget process prepared by the Congressional Research Service of the Library of Congress. https://www.fas.org/sgp/crs/misc/98-721.pdf
Post your point of view, explain what is different about the federal budget cycle and what you know about the private sector budget and finance process?
Explanation & Answer
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Running header: FEDERAL BUDGET VS THE PRIVATE SECTOR BUDGET
The Federal Budget process vs. the Private Sector budget process
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THE FEDERAL BUDGET VS. THE PRIVATE SECTOR BUDGET
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The federal budgeting process follows very complex protocols, and it takes a
substantial count of personal and resources to accomplish. The article (Keith, & Schick,
2004, December) shows that there are authorities that must consent to the budget, from the
executive arm of the government, as well as the legislative brunch. The ain purpose is to
ensure the right use of the capital to the good of the whole nation (Ke...
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