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Questions and Answers
What is the primary focus of an obligations budget?
What is the primary focus of an obligations budget?
- Estimated revenues exceeding estimated expenditures
- Activities to be undertaken along with their related costs and desired results
- Specific expenditures like salaries, travel expenses, and supplies
- Expenditures incurred in the current year to be paid in the same or following year (correct)
Which of the following is NOT a component of the President's Budget?
Which of the following is NOT a component of the President's Budget?
- National Expenditure Program (NEP)
- Budget of Expenditures and Sources of Financing (BESF)
- President's Budget Message
- Line Item Budget (correct)
What is the purpose of budget hearings?
What is the purpose of budget hearings?
- To allow agencies to submit their budget proposals (correct)
- To discuss the Budget of Expenditures and Sources of Financing (BESF)
- To deliberate on the National Expenditure Program (NEP)
- To review the proposed budget by the President and Cabinet members
Which of the following budgets focuses on specific expenditures like salaries, travel expenses, and supplies?
Which of the following budgets focuses on specific expenditures like salaries, travel expenses, and supplies?
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What is the purpose of the President's Budget Message?
What is the purpose of the President's Budget Message?
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Which document contains the estimated expenditures accompanied by estimates of expected sources of financing?
Which document contains the estimated expenditures accompanied by estimates of expected sources of financing?
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What is the purpose of a performance budget?
What is the purpose of a performance budget?
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Which type of budget covers a period of one year and forms the basis for the annual appropriation?
Which type of budget covers a period of one year and forms the basis for the annual appropriation?
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What is the purpose of a special budget?
What is the purpose of a special budget?
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Which step follows after agencies submit their budget proposals?
Which step follows after agencies submit their budget proposals?
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