Module 5: Overview Module Introduction Before T

Module 5: Overview Module IntroductionBefore the Budgeting and Accounting Act of 1921, national budgeting was a fragmented process. With this reform, the budgetary system was centralized through the use of the executive budget, giving the president the responsibility for the formulation of the budget. This chapter focuses on the policy implications of the budgetary process. First, it examines how the budget and budget decisions affect public policies. Second, the chapter clarifies the structure and operation of the national budgetary process. Finally, it discusses the political struggle over budget deficits and debt. Module Objectives At the end of this module students will be able to:Evaluate the impact of the budget on policies (CO1, CO2, CO3, CO4, CO5)Analyze fiscal policy, and its affect on the economy.(CO1, CO2, CO3, CO4, CO5)Explain the national budget process. (CO1, CO2, CO3, CO4, CO5) Module Activities Below is an outline of the items for which you will be responsible throughout the module.TaskActivityDue DateModule Learning Objective AlignmentReadRead the following early in the week to help you respond to the discussion questions and to complete your assignment(s).Required Textbook ReadingsBudgeting and Public Policy By the end of Module 51, 2, 3Watch and Read OnlineOnline Lecture Material: