How important is fiscal transparency - Business Finance
Please respond to the following: How important is fiscal transparency? When looking at the 2017 America First: A Blueprint to Make America Great Again, does the executive/federal budget reflect a realistic assessment of the fiscal problems facing state and local government? The response should include a minimum of 300 words and references in APA format. The 2017 report is attached. america_first.pdf Unformatted Attachment Preview America First A Budget Blueprint to Make America Great Again Office of Management and Budget America First A Budget Blueprint to Make America Great Again Office of Management and Budget Table of Contents Page President’s Message �������������������������������������������������������������������������������������������������������������������������������1 OMB Director’s Message �����������������������������������������������������������������������������������������������������������������������3 Major Agency Budget Highlights ��������������������������������������������������������������������������������������������������������5 Management ���������������������������������������������������������������������������������������������������������������������������������������������7 Regulation ������������������������������������������������������������������������������������������������������������������������������������������������9 Department of Agriculture �����������������������������������������������������������������������������������������������������������������11 Department of Commerce �������������������������������������������������������������������������������������������������������������������13 Department of Defense ������������������������������������������������������������������������������������������������������������������������15 Department of Education �������������������������������������������������������������������������������������������������������������������17 Department of Energy �������������������������������������������������������������������������������������������������������������������������19 Department of Health and Human Services ����������������������������������������������������������������������������������21 Department of Homeland Security ���������������������������������������������������������������������������������������������������23 Department of Housing and Urban Development ������������������������������������������������������������������������25 Department of the Interior �����������������������������������������������������������������������������������������������������������������27 Department of Justice �������������������������������������������������������������������������������������������������������������������������29 Department of Labor ���������������������������������������������������������������������������������������������������������������������������31 Department of State, USAID, and Treasury International Programs ��������������������������������������33 Department of Transportation ����������������������������������������������������������������������������������������������������������35 Department of the Treasury ���������������������������������������������������������������������������������������������������������������37 Department of Veterans Affairs ���������������������������������������������������������������������������������������������������������39 Environmental Protection Agency ���������������������������������������������������������������������������������������������������41 National Aeronautics and Space Administration �������������������������������������������������������������������������43 Small Business Administration ���������������������������������������������������������������������������������������������������������45 Summary Tables ������������������������������������������������������������������������������������������������������������������������������������47 Table 1. Proposed Discretionary Caps for 2018 Budget�������������������������������������������������������������49 Table 2. 2018 Discretionary Overview by Major Agency������������������������������������������������������������50 Table 3. Major 2018 Budget Changes from Current Law�����������������������������������������������������������52 Table 4. Major 2017 Changes from Security Supplemental Request�����������������������������������������53 GENERAL NOTES 1. All years referenced for economic data are calendar years unless otherwise noted. All years referenced for budget data are fiscal years unless otherwise noted. 2. At the time of this writing, only one of the annual appropriations bills for 2017 had been enacted (the Military Construction and Veterans Affairs Appropriations Act), as well as the Further Continuing and Security Assistance Appropriations Act, which provided 2017 discretionary funding for certain Department of Defense accounts; therefore, the programs provided for in the remaining 2017 annual appropriations bills were operating under a continuing resolution (Public Law 114-223, division C, as amended). For these programs, references to 2017 spending in the text and tables reflect the levels provided by the continuing resolution. 3. Details in the tables may not add to the totals due to rounding. 4. Web address: http://www.budget.gov AMERICA FIRST Beginning a New Chapter of American Greatness A MESSAGE TO THE CONGRESS OF THE UNITED STATES: The American people elected me to fight for their priorities in Washington, D.C. and deliver on my promise to protect our Nation. I fully intend to keep that promise. One of the most important ways the Federal Government sets priorities is through the Budget of the United States. Accordingly, I submit to the Congress this Budget Blueprint to reprioritize Federal spending so that it advances the safety and security of the American people. Our aim is to meet the simple, but crucial demand of our citizens—a Government that puts the needs of its own people first. When we do that, we will set free the dreams of every American, and we will begin a new chapter of American greatness. A budget that puts America first must make the safety of our people its number one priority— because without safety, there can be no prosperity. That is why I have instructed my Budget Director, Mick Mulvaney, to craft a budget that emphasizes national security and public safety. That work is reflected in this Budget Blueprint. To keep Americans safe, we have made tough choices that have been put off for too long. But we have also made necessary investments that are long overdue. My Budget Blueprint for 2018: • provides for one of the largest increases in defense spending without increasing the debt; • significantly increases the budget for immigration enforcement at the Department of Justice and the Department of Homeland Security; • includes additional resources for a wall on the southern border with Mexico, immigration judges, expanded detention capacity, U.S. Attorneys, U.S. Immigration and Customs Enforcement, and Border Patrol; • increases funding to address violent crime and reduces opioid abuse; and • puts America first by keeping more of America’s hard-earned tax dollars here at home. The core of my first Budget Blueprint is the rebuilding of our Nation’s military without adding to our Federal deficit. There is a $54 billion increase in defense spending in 2018 that is offset by targeted reductions elsewhere. This defense funding is vital to rebuilding and preparing our Armed Forces for the future. We must ensure that our courageous servicemen and women have the tools they need to deter war, and when called upon to fight, do only one thing: Win. In these dangerous times, this public safety and national security Budget Blueprint is a message to the world—a message of American strength, security, and resolve. This Budget Blueprint follows through on my promise to focus on keeping Americans safe, keeping terrorists out of our country, and putting violent offenders behind bars. 1 The defense and public safety spending increases in this Budget Blueprint are offset and paid for by finding greater savings and efficiencies across the Federal Government. Our Budget Blueprint insists on $54 billion in reductions to non-Defense programs. We are going to do more with less, and make the Government lean and accountable to the people. This includes deep cuts to foreign aid. It is time to prioritize the security and well-being of Americans, and to ask the rest of the world to step up and pay its fair share. Many other Government agencies and departments will also experience cuts. These cuts are sensible and rational. Every agency and department will be driven to achieve greater efficiency and to eliminate wasteful spending in carrying out their honorable service to the American people. I look forward to engaging the Congress and enacting this America First Budget. Donald J. Trump 2 A Message from the Director, Office of Management and Budget I am proud to introduce the “America First” Budget. While recognizing this Blueprint is not the full Federal budget, it does provide lawmakers and the public with a view of the priorities of the President and his Administration. The Federal budget is a complex document. However, working for a President committed to keeping his promises means my job is as simple as translating his words into numbers. That is why you will find here a familiar focus on rebuilding and restoring our Nation’s security. Under the Obama Administration, our shrinking military has been stretched far too thin. The military has been forced to make aging ships, planes, and other vehicles last well beyond their intended life spans. The President will reverse this dangerous trend. From rebuilding our Armed Forces to beefing up our border security and safeguarding our Nation’s sovereignty, this Budget makes security priority one. It does so while meeting another of the President’s core commitments: addressing our Nation’s priorities without sending future generations an even bigger credit card bill. This 2018 Budget Blueprint will not add to the deficit. It has been crafted much the same way any American family creates its own budget while paying bills around their kitchen table; it makes hard choices. The President’s commitment to fiscal responsibility is historic. Not since early in President Reagan’s first term have more tax dollars been saved and more Government inefficiency and waste been targeted. Every corner of the Federal budget is scrutinized, every program tested, every penny of taxpayer money watched over. Our $20 trillion national debt is a crisis, not just for the Nation, but for every citizen. Each American’s share of this debt is more than $60,000 and growing. It is a challenge of great stakes, but one the American people can solve. American families make tough decisions every day about their own budgets; it is time Washington does the same. Mick Mulvaney 3 MAJOR AGENCY BUDGET HIGHLIGHTS The 2018 Budget is being unveiled sequentially in that this Blueprint provides details only on our discretionary funding proposals. The full Budget that will be released later this spring will include our specific mandatory and tax proposals, as well as a full fiscal path. For instance, the President has emphasized that one of his top priorities is modernizing the outdated infrastructure that the American public depends upon. To spearhead his infrastructure initiative, the President has tapped a group of infrastructure experts to evaluate investment options along with commonsense regulatory, administrative, organizational, and policy changes to encourage investment and speed project delivery. Through this initiative, the President is committed to making sure that taxpayer dollars are expended for the highest return projects and that all levels of government maximize leverage to get the best deals and exercise vigorous oversight. The Administration will provide more budgetary, tax, and legislative details in the coming months. In the chapters that follow, Budget highlights are presented for major agencies. Consistent with the President’s approach to move the Nation toward fiscal responsibility, the Budget eliminates and reduces hundreds of programs and focuses funding to redefine the proper role of the Federal Government. The Budget also proposes to eliminate funding for other independent agencies, including: the African Development Foundation; the Appalachian Regional Commission; the Chemical Safety Board; the Corporation for National and Community Service; the Corporation for Public Broadcasting; the Delta Regional Authority; the Denali Commission; the Institute of Museum and Library Services; the Inter-American Foundation; the U.S. Trade and Development Agency; the Legal Services Corporation; the National Endowment for the Arts; the National Endowment for the Humanities; the Neighborhood Reinvestment Corporation; the Northern Border Regional Commission; the Overseas Private Investment Corporation; the United States Institute of Peace; the United States Interagency Council on Homelessness; and the Woodrow Wilson International Center for Scholars. 5 MANAGEMENT Making Government Work Again The Federal Government can—and should— operate more effectively, efficiently, and securely. For decades, leaders on both sides of the aisle have talked about the need to make Government work better. The President is taking bold action now to make Government work again for the American people. As one of his first acts as President, on January 23, 2017, the President issued a memorandum imposing a Federal “Hiring Freeze” and requiring a long-term plan to reduce the size of the Federal Government’s workforce. In addition, on March 13, 2017, the President signed Executive Order 13781 establishing a “Comprehensive Plan for Reorganizing the Executive Branch,” which set in motion the important work of reorganizing executive departments and agencies. These two actions are complementary and plans should reflect both Presidential actions. Legislation will be required before major reorganization of the Executive Branch can take place, but the White House is best situated to review and recommend changes to the Congress. In roughly a year, the Congress will receive from the President and the Director of the Office of Management and Budget (OMB) a comprehensive plan for reorganization proposals. The White House will work closely with congressional committees with jurisdiction over Government organization to ensure the needed reforms actually happen. Simultaneously, the Administration will de ... Purchase answer to see full attachment
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