Federal Budget Process Quiz

What is the primary purpose of the federal budget process?

• To establish spending priorities and determine who will pay for activities

• To create new laws for the country

• To elect new government officials

• To manage international trade agreements

Who is involved in the formulation of the federal budget?

• Only the President

• The Congress, the White House, and virtually all federal agencies

• Only the Congress

• Only federal agencies

What is the role of the President's annual budget proposal?

What happens if the Congress cannot agree on an overall budget plan?

• The President decides the budget

• The budget process stops completely

• Funding can be provided through other means

• The previous year's budget is automatically used

How many appropriation subcommittees are there in each congressional body?

• Ten

• Twelve

• Fifteen

• Twenty

What must happen before any legislation passed by Congress goes into effect?

What are the four main stages of the budget process as described in the document?

• Planning, Implementing, Reviewing, Auditing

• Formulating, Legislating, Executing, Auditing

• Drafting, Approving, Spending, Reporting

• Proposing, Debating, Enacting, Monitoring

During which months does the first year of the budget process take place?

• January to March

• March to February

• April to September

• October to December

Who receives the budget requests and prepares a budget in the first year of the budget process?

• Congress

• The President

• The Senate

• The House of Representatives

What happens in Year 2 of the budget process?

• Agencies develop and OMB reviews budgets

• Congress holds hearings about budget requests

• The fiscal year begins

• GAO audits government agencies