{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T07:19:21-04:00", "answer_date": "2024-06-28 07:19:21", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4262137", "url": "\/study-help\/questions\/congress-is-responsible-for-creating-the-federal-governments-annual-budget-4262137", "question_creation_date_js": "2024-06-28T07:19:21-04:00", "question_creation_date": "Jun 28, 2024 07:19 AM", "meta_title": "[Solved] Congress is responsible for creating the | SolutionInn", "meta_description": "Answer of - Congress is responsible for creating the federal government's annual budget. For agencies and their programs to be fun | SolutionInn", "meta_keywords": "congress,responsible,creating,federal,government,s,annual,budget,agencies,programs,funded,congressional", "question_title_h1": "Congress is responsible for creating the federal government's annual budget. For agencies and their programs to be funded, Congressional authorization committees must pass, and the", "question_title": "Congress is responsible for creating the federal government's annual budget. For agencies", "question_title_for_js_snippet": "Congress is responsible for creating the federal government's annual budget For agencies and their programs to be funded, Congressional authorization committees must pass, and the President must sign,all 12 authorization billsby September 30the last day of the current fiscal yearso the country can have a new budget in time for the start of the next fiscal year (USA gov, n d ) Access theGovernment Publishing Office(Links to an external site ) to obtain Historical Budgetary Tables following the steps below Click on the link to access theBudget of the United States Government(Links to an external site ) Click on the Fiscal Year 2018 link Scroll down and select Historical Tables Obtain the xls (Excel) file format of Table 1 1 and Table 1 2 to complete the two requirements below Table 1 2 shows the budget of Surpluses or Deficits ( ) as Percentages of gross domestic product (GDP) Determine how many times since 1950 the budget has shown a surplus and how many times it has shown a deficit using the data in the Total column, Surplus orDeficit Also, identify the 3 years with the highest deficits, and the year with the highest surplus as a as a percentage of GDP What were the surplus and deficit percentages for these years Table 1 1 shows the budget Summary of Receipts, Outlays, and Surpluses or Deficits ( ) from 1789 2022 Identify whether the highest deficits incurred in the identified years from Table 1 2 were paid with tax revenues (receipts) or borrowed funds (outlays) Discuss how the government gets money and where the government spends money on Click on the Fiscal Year 2018 link, scroll down and obtain the PDF file for Major Savings and Reforms to complete the last requirement The Major Savings and Reforms volume describes major savings and reform proposals included in the 2018 President's Budget Links http www gpo gov Please use this link http www gpo gov fdsys browse collectionGPO action collectionCode BUDGET This link should be available for anyone, I am unable to attach it ", "question_description": "
Congress is responsible for creating the federal government's annual budget. For agencies and their programs to be funded, Congressional authorization committees must pass, and the President must sign,all 12 authorization billsby September 30the last day of the current fiscal yearso the country can have a new budget in time for the start of the next fiscal year (USA.gov, n.d.).<\/p>
Access theGovernment Publishing Office(Links to an external site.)<\/p>
to obtain Historical Budgetary Tables following the steps below:<\/p>
Links <\/p>
http:\/\/www.gpo.gov\/<\/p>
Please use this link <\/p>
http:\/\/www.gpo.gov\/fdsys\/browse\/collectionGPO.action?collectionCode=BUDGET<\/p>
<\/p>
This link should be available for anyone, I am unable to attach it. <\/p>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting Tools for Business Decision Making ", "isbn": "1118856996, 978-1118856994", "edition": "4th Canadian edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1190.jpg", "uri": "\/textbooks\/managerial-accounting-tools-for-business-decision-making-4th-canadian-edition-1190", "see_more_uri": "" }, "free_related_book": { "isbn": "0199550220", "uri": "\/textbooks\/the-dragons-gift-the-real-story-of-china-in-africa-1st-edition-978-0199550227-285750", "name": "The Dragons Gift The Real Story Of China In Africa", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:19:21", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/where-does-the-researcher-find-a-authoritative-us-gaap-sources", "description": "Where does the researcher find: a. Authoritative U.S. GAAP sources? b. 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