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Working with Sources: The Office of Management and Budget
Analyze the budgetary process in the fiscal management of public funds.
Every year the Office of Management and Budget publishes historical tables describing the composition of federal receipts and outlays.
The purpose is to analyze the budget process by describing the changes over time of the composition of federal receipts and outlays.
Go to the Office of Management and Budget and click on Table 6.1, "Composition of Outlays." You can see that these detailed tables cover the federal budget's history from 1940 to present. These tables also display projections for the federal budget up to four years into the future.
1. Identify, explain and describe the basic elements of the budget process.
2. Discuss how the main categories of federal outlays have changed from 1940 to the present.
3. Where are the biggest projected changes looking four years into the future?
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