Term Paper on "Government Budgeting Process"

Term Paper 3 pages (1035 words) Sources: 5

[EXCERPT] . . . .

Government Budget Process

Over the last several years, the issue of: budgetary concerns have been increasingly brought to the forefront. Part of the reason for this, is because many bureaucrats have a difficult time in controlling spending and increasing taxes (when necessary). As a result, this has been eating away at the fiscal stability of many different governments. Where, they are having trouble coping with mounting levels of fiscal debt and the lingering effects on the services that they are providing. Evidence of this can be seen by looking no further than, than comments from the Brookings Institute with them saying, "The gap we face is just too large to close if we declare significant areas of the budget off-limits. Neither party is going to sacrifice only the areas of the budget it most cares about in the absence of corresponding concessions from the other side." (Trumball, 2010) This is important, because it highlights the overall scope of the potential crisis facing a host of different governments. In the case of the Department of Defense, they face similar challenges, as they are forced to rein in spending. To determine how and where the different revenues for this agency are derived requires conducting a careful analysis of their budget. This will be accomplished by: examining which revenues / funds are used by the various areas inside the department, possible restrictions that can be placed on these revenues, evaluating how public policy decisions affect the receipt of revenues and analyzing the conditions that affect revenue projections. Together, these different elements will provide the greatest insights as to how revenues and spending can have an impact upon this agency.


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