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In the United States a unified budget is a federal government budget in which receipts and outlays from federal funds and the Social Security Trust Fund are consolidated. The change to a unified budget resulted in a single measure of the fiscal status of the government, based on the sum of all government activity.
6. BUDGET CONCEPTS. The budget system of the United States Government provides the means for the President and the Congress to decide how much money to spend, what to spend it on, and how to raise ...
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Division of power can also occur via a unitary structure or confederation . In contrast to federalism, a unitary system makes subnational governments dependent on the national government, where significant authority is concentrated. Before the late 1990s, the United Kingdom’s unitary system was centralized to the extent that the national ...
The United States is one example of a federal republic. The U.S. Constitution grants specific powers to the national government while retaining other powers for the states. For example, the federal government can negotiate treaties with other countries while state and local authorities cannot.
should be a unitary budget system in which responsibilities for preparing and executing the budgets for current and capital (or development) spending are consolidated within a single central fiscal agency, usually the ministry of finance.
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federalism. Political system that organizes government into two or more levels with independent powers; in the United States this consists of local, state, and national governments. federal revenue sharing. The practice of sharing federal income tax revenue with state and local governments. mandate.
Budget authority, obligations, and outlays are related terms that describe the funds provided, committed, and used for a program or activity. Often called funding, budget authority is the amount of money available to a federal agency for a specific purpose. The authority to commit to spending federal funds is provided to agencies by law.
