Got a tricky question? Receive an answer from students like you! Try us!

Influences within Public Programs : US Defense Budget - Research Paper Example

Only on StudentShare
College
Author : cmclaughlin
Research Paper
Finance & Accounting
Pages 7 (1757 words)

Summary

Influences within Public Programs: The United States Defense Budget The US defense or military budget is the fraction of the country’s federal budget that is dedicated to defense-related spending, especially by the Department of Defense. The defense budget among other things is used to pay salaries, healthcare, and training of both civilian and uniformed officers, maintain arms, facilities and equipment, fund operations, and purchase new equipment (Government Printing Office, 2011)…

Extract of sample
Influences within Public Programs : US Defense Budget

Some of these include nuclear weapons research, production, maintenance and cleanup. Across the world, the U.S. is among the greatest spenders in military and defense endeavors. In 2010 fiscal year alone, the U.S. base budget for overseas contingency operations totaled about 664 billion U.S. dollars. The budget however reached 680 billion USD when it was finally enacted into law in October 2009 (US Federal Budget, 2012). Additionally, a supplemental budget of about $37 billion USD was organized in the same financial year. The federal government recently announced budget cuts running to billions of U.S. dollars over a span of ten years. One of the most affected sectors in this respect is defense. According to President Obama, a new military strategy will see a cut of close to 487 billion U.S. dollars in the next decade (Jay, 2012). The strategy will include limiting pay rises for military officers, the closure of a number of military bases in the U.S., and a rise in health insurance fees for retired military officers. Factors that Have Contributed to Proposed Budget Cuts One of the main factors that have contributed to the defense budget cuts relates to the country’s debt. ...
Download paper
Not exactly what you need?

Related Essays

Contemporary Management Practices within the Public Sector
A recent trend in the realms of business management shows that the public sector has shown a gradual shift in its operational perspective, with a greater focus on privatization, and an emphasis on cost saving and increasing efficiency. Comprehending the necessity of outsourcing large-scale work to the private sector for better economic growth and developments, many State governments have started the processes of public procurement, under prescribed directives and regulations created to regulate the process, as are seen in the Council Directives 93/37/EEC, 93/38/EEC and 93/36/EEC and their…
112 pages (28112 words)
Budget Analysis
Budget analysis Determination of Goals and objectives of the City It is very important to determine and consider the goals and objectives of the City Council of the Ypsilanti in the initial stage of preparing the council’s budget. Knowing the goals and objectives will help me as the budget officer understand and draw appropriate boundaries that reflect mission and annual goals of the organization1. Goals and objectives of the council will work as benchmark that guide me in staying within the limits of the council’s expectations of growth and development. Determination of Expenditure As the…
5 pages (1255 words)
Budget Finance Paper
The author of the essay "Municipal Budget" makes the deep analysis of New Orleans, Louisiana. New Orleans Louisiana is a relatively small city, although the largest in the state, with a rank of only forty-six in terms of the United States’ most populous cities. It encompasses five districts with one city council person each and two at large councilmen with the current mayor being Mitch Landrieu. …
9 pages (2259 words)
Healthcare Budget
In their place, it is always important to put structures that help in the effective creation and monitoring of the operating budget. To this end, this is going to be a paper that does not only prepare a comprehensive operating budget based on the previous year’s projections but it would also be a document that critically identifies some of the effective financial management practices that could both hinder and promote effective creation and monitoring of the operating budget.
5 pages (1255 words)
INITIAL PUBLIC OFFERINGS (IPO) PAPER
It builds batteries for power in cars, torches etc. It also makes batteries that are used in UPS. It provides appliances to run automotives such as cranes, road rollers etc. It is also a major provider for aerospace and defense utilities. ENERSYS claims to be the largest industrial battery provider in the whole world(ENERSYS, 2005). It has built its customer base in over 100 countries over the past few years. It is the primary supplier in Motive power such as supplying power facilities to railway, Reserve Power such as batteries for cars. The company was previously known as Yuasa Inc, but it…
4 pages (1004 words)
budget
This type of budget helps corporate to have an insight on whether the available income will suffice to finance the anticipated expenditure (Millett, 2011). On the other hand, budget forecast, utilizes financial figures for previous period to come up with figures for the current period (Brookson, 2000). Therefore, it can be scrutinize that budget is a very important tool that can help to monitor revenues and avoid unnecessary spending (Millett, 2011). This assignment will focus on determining strategies for managing budget within forecast by comparing expenses with the budget and determining…
5 pages (1255 words)
Two questions related to Public Budget and Finance.
Public budgeting is targeted towards the wellness of citizens. A little wrong prioritization, misallocation of resources, and financial negligence in this process can pose certain challenges for the government regarding implementation of public wellness programs and other public policies. Public budgeting holds a critical place in decision making processes because it is directly associated with the well-being of citizens. It is one of the main responsibilities of any government to allocate resources among competing public sector needs in such a way that none of the sectors faces shortage of…
4 pages (1004 words)