Final Assignment Example | Topics and Well Written Essays - 1000 words - 1

Final - Assignment Example Those formulations are then adopted through the congressional process and then to the bureaucratic process. This part is done by the executive agencies. In this case, the policy implementation could include adopting regulations and rules, providing products and services, adjudication of disputes, public education campaigns and many others. Various actors and observers evaluate the effects of policies. In this case, they evaluate whether the policy is solving the problem at hand by accomplishing their goals. Evaluation compares the costs and benefits of policies. Congress uses its oversight powers to seek answers on the progress of the policy project. 2. A balanced budget is the one where the government raises enough money to fund the budget. In this case, the total revenues are equal to the total expenditures. In this case, there is neither a budget surplus nor a budget deficit that exists. As such, the budget accounts are in balance. However, a balanced budget generally refers the one that has no budget deficit, but a budget surplus may exist. A balance budget does not require the government to source for revenue from external sources. In addition, the government does not need to seek a supplementary budget from the legislative body to finance stalled projects as a result of financial deficiency. There are several factors that can cause budget surplus. One of them is increased taxation rate on some product. In this case, the government may increase the tax to achieve another objective rather that collecting revenue; may be to discourage consumption of a certain product. Another factor is improved economic growth or devaluation of currency in trading partners. The government has a large number of departments, parastatals, and agencies among other area that it operates. Provision of services such as medical, education and security are in the responsibilities of the government. In this