Federal Budgeting Process Essay

The federal budgeting process follows very complex protocols, and it takes a substantial count of personal and resources to accomplish. The article (Keith, & Schick, 2004, December) shows that there are authorities that must consent to the budget, from the executive arm of the government, as well as the legislative brunch. The ain purpose is to ensure the right use of the capital to the good of the whole nation (Keith, & Schick, 2004, December). Compared to the private sector budgetary requirements, there are very clear distinctions. The differences can be credited to the size of any private company compared to a government, the aim of the government (to ensure that the budgetary allocation is of service to the people, and the government) and the aim of the private sector (basically making profits) (Ehrhardt, 2001).
In the private sector budgeting process, little politics and changes take place. The main path includes the collection of all financial requirements from all departments, then synthesizing the size of the capital available for allocation (Ehrhardt, 2001). This is done by the finance department and the executive takes a look and consents. Little changes take place in the process. The public sector has mandated the congress to effect …show more content…
It is made up of very many levels of government employees from the lower tiers to the president himself, and the legislative arm being active through out. The purpose is mainly to ensure the best balance at the end of the day, between deficit control and funding. The president’s budget has a recommendation from the president (Keith, & Schick, 2004, December). In the private sector, it is all about the finance department collecting budgetary requirements, designing a comprehensive budget, ad presenting it to the executive (CEO) for review and consent. Very few people are involved in the chin, and the chain is not as tangled as the federal budgetary process (Ehrhardt,