Question

In: Economics

Who are the major budget actors and what are the specific roles of each?

Who are the major budget actors and what are the specific roles of each?

Solutions

Expert Solution

* Interests groups : The interest group has great role in budgetary process. They meant to defend the agencies of budget.

* The government accountability office : The office is know as investigative arm of congress it concentrates to the agencies funds and monitor its details.

* The agencies : Agencies are the budget actors which try for the higher budget requests. They adopt an incremental approach in preparing the budget requests. Estimates for programs expenses, supplies and equipments are all tried out by these budget actors.

* The office of management and budget : In the annal budget process the office of management nd budget are the major actor. It also helps to give assistance to the president who is carrying out the duties relating to budget. Development and the appropriates implementation off the budget is also function of the OMG office.

* The tax committees in congress : The committee used to write and submit tax codes for the final approval from the Congress as whole.

* The president : The president is the one who makes the correct and the last decisions on all propose that submitted to congress

*The subject matter committees: The subject mater committees utilizes the hearings in order to make the agencies publicize when new laws arrives. l budget office

*The budget committees and congressional Budget office : The role to set the quantities foe the budget process of congressional is done by the CBO.

* The congress as whole :This budget actor needs congress to exhibit great interest in delivering federal dollars into the hands of congress.

* The appropriate committees and its sub committees : The committee take care of the decisions on the old policies from that committees and the responsible authorities. The amount that should spend is also determined by the commitee.


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