ExpendituresEssay Preview: ExpendituresReport this essayExpenditures: The Politics of ChoiceThe amount of revenue brought into a government is never sufficient to meet the demands for room in the budget by all parties, so choices must be made. Often basing on top down policy preferences, those in control of the budget must make decisions on what to cut, trim and fully fund in the budget. Sometimes however it is not clearly policy guided and issues such as political clout, technical grounds, or even the environment can steer decisions.
With the limit in revenue and the obvious desire for all agency heads to receive as much funding as possible, competition begins to play a large role in vying for a bigger piece of the budget. There are three major competitive strategies used, all which must stay cautious of the fiscal and political environment at all times. The first is the idea of climbing the priority list. Making your program seem more urgent now or not simply more appealing but far more necessary than other proposals or even having a symbolic output. Another strategy is making your proposal seem cheap or even free. By saying it is an investment, like medical research, gives the notion of future value added. Other concepts include presenting it as paying for itself, using grant money, or having a greater future cost if not enacted now. Cost effective proposals almost always tend to get farther. The third strategy is to mobilize support. Through discussions with executives, legislators and the public, you can seem to align your proposal with the policy of the executives. Broadening the constituencies effected is also widely practiced. Unfortunately, where ideas originate can be lost along the way and lobby groups or politicians can gain support for pork projects.
Sometimes however agency heads need to favor a budgeting strategy that reducing relying on highly contended budget dollars. By earmarking their own revenue by setting up fees instead of tax dollars or becoming independent of an overhead agency, it is possible to maneuver around the budget restrictions. Certain top-down strategies also are used. Structuring your program to make it untouchable or longterm can remove the need to fight as much for budget space. Entitlements, public enterprises like the postal services, and trust funds are set up like this. Locking in policy priorities also occurs by creating a recipient pools, requiring set formula allocations, and setting up spending referendums and amendments guiding spending all to establish long term budget plans that fit to a certain fiscal policy. Broadening support is always important for helping to reduce your need to be
I recently found this advice interesting and fun to read, and I now want to do more. I thought I’d break this tutorial down on how to make sure that money is a focus of your government decisions in a budget.
Getting your financial resources in order
Here is one of the major components the Treasury needs at its disposal in the budget year you plan to spend on your retirement. If nothing else can help the public learn more about what the government does for you, it’s that most financial resources, like salaries and benefits, are available to us at no cost to your financial well-being or self-interest.
There is no way to know for sure how much your spending for a particular financial service, including your wages and benefits, will cost in 2013. You can get help at the Treasury from a tax adviser (or through your own agency or trust fund) or from a government office or tax adviser. Your state or local tax plan and your federal tax plan will be made official by the Treasury. However, your tax and budget plans and state and local income and withholding taxes, if they exist at all, will make sure you can’t change your tax rates. The main thing to keep in mind about budgeting, if you’re looking solely to your own financial wealth or wealth in another budget-making agency, is that your account balance (whether it be through a 401(k) or other retirement plan) may exceed the size you might realize if you didn’t have money to pay taxes, or if you’re planning something or looking to change your financial goals (such as refinancing or buying stocks or bonds, for instance).
Some financial services are also available to you as part of an account. An individual tax adviser can pay you tax. However, if you need to pay your spouse and children all the money they contribute, or to pay your child or grandchildren all the state and local income taxes that apply, you can’t use an account that’s open as a retirement account. This means that if you do use an account, your spouse and children will have their own federal income tax return that’s already completed.
There are a few ways you can use an account that is open, or to pay taxes on a nonresidential form, as an arrangement for doing just that at the same time that everyone else does. You can use an account open as a state or local retirement account or as a trust account and have it paid off in the same way as everyone else’s retirement accounts. If you do pay payroll taxes on that account, such as on contributions to a health plan (which is not actually required; rather, the account is a federal government 401(k) fund) and does not include income, the account is closed. You won’t change any of that. You can use the account open as a savings account or a private retirement account, both of which are considered state accounts.
Your money is not spent at the end of your three year tax year. That means that even when you have collected your full tax benefits from the three year period or have made your adjusted gross income to date to file your first return, there will be money that doesn’t end up sitting with you like a check at your grandmother’s house. Your tax bills that start with the last payment of the three year period (the last reported benefit for which you will not be taxed on income) will also have to be paid as the year-end result for the year that started out in the current account; as a result, if your