chapter3Exam

chapter3Exam - 03.03.10 CHAPTER 3, BUDGET STRUCTURE...

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CHAPTER 3, BUDGET STRUCTURE Spending in federal budget - components of expenditure o What does government spend money on? - size of expenditure o how much is being spent on different functions of government? - rate of growth of expenditure The federal budget process - Expenditure or resource allocation decisions are product of political process, therefore the link between politics and law i.e. the budget ?? o The decision to spend x% on military rather than education is a political process that must be approved through legislature Budget legislations and institutions - historical perspectives - – report to table 3-2 Note on Spending – Government spends on functions including 1) human resource: income maintenance, health care, education, training, etc. . 2) 3) Infrastructure development, the federal capital stock, investments for sustainable development Note: US Constitution, Article 1, section 9:
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chapter3Exam - 03.03.10 CHAPTER 3, BUDGET STRUCTURE...

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