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Does the executive branch prepare the annual budget?

April 26, 2017annual branch budget executive prepare

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Does the executive branch prepare the annual budget?

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Yes. The act of Congress approved June 10, 1921 (42 Stat. 20; 31 U.S.C. 11-16), providing for a national budget system, places upon the President the duty of transmitting to the Congress the Annual Budget, together with his estimates of receipts, and other expenditures and budgetary data.