Business Law Question

The Public Budget is the comprehensive financial plan for all levels of government—federal, state, and local—that outlines how funds are used for public services.

The process of determining the Federal Budget is complex, and the intricacies of how funds are allocated at the federal level trickle down, impacting not only the budgets of federal agencies and departments but also influencing state and local agencies and their funds for things like education and disaster relief.

In this assignment, you will summarize the Public Budget and major budget acts, describe the Federal Budget submission process, and take a closer look at how the Federal Budget’s allocation of funds impacts your chosen federal department or agency.

Preparation

Visit the A-Z Index of U.S. Government Departments and AgenciesLinks to an external site. and choose one federal agency or department to explore in this assignment.