The ______ established the basis of modern federal budgeting processes.

Question

Quizplus · Accepted Answer

The Budget and Accounting Act of 1921 established a comprehensive budgeting framework for the federal government, which is still in use today. It created the Bureau of the Budget (now known as the Office of Management and Budget) and required that the president submit an annual budget proposal to Congress. This act also mandated that agencies justify their budget requests and established the appropriation process as the means by which Congress authorizes government spending.

The ______ Established the Basis of Modern Federal Budgeting Processes