Role of the Congressional Budget Office in Federal Budget Process

Medium Unit 2: Branches Of Government Budgetary Process

In the context of the federal budgetary process, which of the following statements accurately describes the role of the Congressional Budget Office (CBO)?

The CBO is an essential agency that assists Congress in budgetary decisions and fiscal policy. Understanding the implications of its analyses is crucial for comprehending how federal financial planning aligns with policy objectives.

The CBO prepares the President's budget proposal for Congress.

The CBO provides independent analyses of budgetary and economic issues to support the Congressional budget process.

The CBO has the authority to approve or disapprove appropriations bills passed by Congress.

The CBO determines the tax revenues that states are allowed to collect annually.

Hint

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