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Question : In the United States, the budget is prepared by:

Option 1: The President
 

Option 2: The Congress
 

Option 3: The Treasury Department

 

Option 4: The Federal Reserve


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: The President
 


Solution : The correct answer is (a) The President.

In the United States, the budget is prepared by the President of the United States. The President is responsible for submitting a budget proposal to Congress, which outlines the government's revenue and expenditure plans for the upcoming fiscal year. The budget proposal includes details on various government programs, policies, and funding priorities. While the President prepares the budget, it is ultimately Congress that has the authority to approve, modify, and pass the budget through the legislative process.

 

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