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Earn +20 ptsQ: Who is responsible for the defict spending?
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Continue Learning about American Government
What does the Senate Finance Committee have to do with budget?
The Senate Finance Committee is responsible for drafting the budget plan for Congress. The Committee is also responsible for overseeing the spending of the Federal Government.
What is the role of an accountant in the budget process in a public sector organisation?
Their primary role - is to make sure the organisation is spending wisely. They're also responsible for assessing whether any investments are beneficial to he organisation.
What is a spending bill?
A spending bill is the allocation of how money will be spent. Often committees are established to draw up a spending bill.
What term describes the process of spending more money than you have?
Deficit spending
What does the budget of the US government represent?
An agreement among various politicians about public spending.
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