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Backgroud of the United States Budget

Background of the United States Budget

This coming year, in 1999, our Federal Government will spend over $1.7 trillion. They use this money to support causes that aid to the betterment of society, the health of the people, research for better and new materials, education, and one of the biggest, the military. Each year, by the first Monday if February, the President of the United States presents to Congress the proposed Federal Budget for the next fiscal year. Each fiscal year starts on October 1st of the preceding year. This budget is gathered and created by the White House’s Office of Management and Budget (OMB). They create the budget based on requests made by individual agencies and from consulting with the President’s senior advisors and officials from cabinet departments and other agencies. After receiving the proposed budget from the President, the congress meets to overlook it.

During the process of overlooking the budget, the congress, with the President, decide how much they are going to spend to each activity that the government endorses. Some examples are public libraries, police forces, education, national zoo’s, the CIA, FBI and other organizations. Once they have a concrete estimate of how much money the

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Approximate Word count = 1264
Approximate Pages = 5 (250 words per page double spaced)

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