Government and Civil Service Government Budget and Fiscal Policy

Question 1

The US federal government's fiscal year runs from:

Accepted Answer

October 1 to September 30

Answer

The federal fiscal year begins on October 1 and ends on September 30 of the following calendar year.

Question 2

The federal budget process officially begins when:

Accepted Answer

The President submits the annual budget request to Congress

Answer

By law, the President must submit a budget proposal to Congress by the first Monday in February to formally begin the budget process.

Question 3

A continuing resolution (CR) is used to:

Accepted Answer

Fund government operations when regular appropriations bills have not been enacted

Answer

A continuing resolution temporarily funds government agencies at current or specified levels when regular appropriations have not been passed by the start of the fiscal year.

Question 4

Which of the following best describes 'discretionary spending' in the federal budget?

Accepted Answer

Spending controlled by annual appropriations acts passed by Congress

Answer

Discretionary spending is funded through annual appropriations bills and includes programs like defense, education, and transportation that Congress actively chooses to fund each year.

Question 5

Which office is primarily responsible for preparing the President's annual budget submission to Congress?

Accepted Answer

Office of Management and Budget (OMB)

Answer

The Office of Management and Budget (OMB) coordinates the preparation of the President's annual budget request and oversees its implementation across the executive branch.

Government and Civil Service Practice Test

Government and Civil Service Practice Test

Government and Civil Service Government Budget and Fiscal Policy