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NEP Budget Legislation Quiz

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Questions and Answers

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?

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?

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?

Line Item Budget Signup and view all the answers

What is the purpose of the President's Budget Message?

To explain the country's fiscal policy and budget priorities Signup and view all the answers

Which document contains the estimated expenditures accompanied by estimates of expected sources of financing?

Budget of Expenditures and Sources of Financing (BESF) Signup and view all the answers

What is the purpose of a performance budget?

To plan activities to be undertaken along with their related costs and desired results Signup and view all the answers

Which type of budget covers a period of one year and forms the basis for the annual appropriation?

Annual Budget Signup and view all the answers

What is the purpose of a special budget?

To provide for items not adequately covered or not included in the general appropriation act Signup and view all the answers

Which step follows after agencies submit their budget proposals?

Budget hearings are conducted Signup and view all the answers