CONTENT:
Budget Preparation Name: Institution: What three roles/purposes does the President`s budget request serve? The three main roles that the president`s budget request plays include; helping the congress establish the recommendation for the federal fiscal policy by the office of the president. This relates to the much money the congress should allocate to spend on the public and the much that should be collected as tax, as well as the difference between the two entities. The request also plays the role of indicating how much the president would want spent on the various priorities that the country has such agriculture, defence, health and education. Then there is the aspect of what changes the presidents would want implemented on taxes and the spending policies (Center on Budget and Policy Priorities, 2011). What is the first step generally taken by Congress when thepresident`s budget request is received? After receiving the president`s request on the budget for the next financial year, the congress is supposed to hold a meeting with the various administrative officials. This meeting is held to establish the budgetary requests from the officials, after which the congress now conso...