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Discuss the important features of the public budget and the relationship
between revenues and expenditures.
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- Define government budget in not more than 3 linesConsider this data on the 2017 state budget for Alabama. What were the two largest components of state expenditure in 2017? Group of answer choices education and public welfare highways and hospitals insurance trust expenditure and public welfare education and hospitalsQuestion Answer these questions for the city of Glendale, California for their current budget. FY 2017-2018 Adopted budgethttp://www.glendaleca.gov/government/departments/finance/budget/budget-documents When does the budgeting process start and end for the current year? Which actor(s) starts the budget process? When does the fiscal year start and end? Are there instructions provided to agencies on how to prepare budget requests? Are those instructions detailed? What are the sources of revenue? Try to identify as many as you can.
- What is the relationship between budget deficit and debt ratio to Gross Domestic Product (GDP)In an economy, the budgetary deficit is of $30,000 The total receipts are $14,000 Calculate the value of Total expenditureTrue/False # Government budget is a statement of actual receipts and payments of the government for the last financial year.
- "Discuss the Impact of Taxes on Household Savings in the United States"What are the major functions of a government budget? Discuss “revenue” and “development” budgets mentioning the sources of finance of these two. Give a critical analysis of our budget of financial year 2020-21.What is the importance of studying the national budget and how it will affect our economy?
- Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources Net Interest Other Functions Undistributed Offsetting Receipts Total 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 290,496 185,702 - 180,820 4,093,989 Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget.Discuss the public budget decision making process from the preparation phase and its products to final adoption. (1) What information is contained in the budget? (2) What are the respective roles of line agencies, the central budget office, the chief executive and the legislative body?What is % contribution of government spending in total GDP