10 Questions
What is the primary focus of an obligations budget?
Expenditures incurred in the current year to be paid in the same or following year
Which of the following is NOT a component of the President's Budget?
Line Item Budget
What is the purpose of budget hearings?
To allow agencies to submit their budget proposals
Which of the following budgets focuses on specific expenditures like salaries, travel expenses, and supplies?
Line Item Budget
What is the purpose of the President's Budget Message?
To explain the country's fiscal policy and budget priorities
Which document contains the estimated expenditures accompanied by estimates of expected sources of financing?
Budget of Expenditures and Sources of Financing (BESF)
What is the purpose of a performance budget?
To plan activities to be undertaken along with their related costs and desired results
Which type of budget covers a period of one year and forms the basis for the annual appropriation?
Annual Budget
What is the purpose of a special budget?
To provide for items not adequately covered or not included in the general appropriation act
Which step follows after agencies submit their budget proposals?
Budget hearings are conducted
Test your knowledge on the NEP budget legislation process, including the steps involved in appropriation of Government funds and House and Senate deliberations. Questions may cover topics such as due process, budget approval procedures, and legislative scrutiny.
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