Difference Between Chapter 25 Honors Government And Econ

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Alec Forney Honors Government and Econ Chapter 25: The Federal Government Preparing the Budget * Purchases by the federal government equal about 7 percent of our GDP. * Budget- a blueprint of how the government will raise and sending money, both the President and congress help create it. * Fiscal Year (FY) - a 12 month period that may not match the calendar year. The federal government’s budget begins October 1 and ends on September the following year. The Budget Process * According to law the president must present a proposed budget to Congress by the first Monday of Monday in February and in the budget, the president outlines where he or she thinks the government should spend its money then he sends it with an annual

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