Question

Which statement regarding state budgets is not true?

A--Each agency devises a monthly plan to determine the estimated needs for revenues.
B--State financial leaders make determinations regarding which budgets must be cut or altered, if necessary.
C--The state's financial office reviews the reports from each agency and combines them into one complete document for the state.
D--The state financial leaders compare the budget for each agency to the amount of funds available.

Answer 1

A--Each agency devises a monthly plan to determine the estimated needs for revenues.

Step-by-step explanation:

The State Public Budget is the fundamental instrument for the planning and execution of state public finances, determining not only the amount of public resources to be committed the following year, but also the actions, programs and projects to which such resources will be spent.

For this to happen, state finance leaders must determine which budgets should be cut or changed if necessary. This allows the budget to be optimized and avoids wasting public money.

In addition, the state finance office reviews each agency's reports and combines them into a complete state document to streamline the budgeting process. It is also the function of state finance leaders to compare each agency's budget with the amount of funds available to determine what will and will not receive.

Answer 2

The correct option is A

A--Each agency devises a monthly plan to determine the estimated needs for revenues