Case Study Analysis Assignment Help of U.S. Budget

Case Study Analysis Assignment Help of U.S. Budget Case Study Analysis Assignment Help of U.S. Budget      Case Study Analysis Assignment Help of U.S. Budget Introduction This U.S. Budget case study assignment help paper discusses about the financial information of the U.S. Government and its Department of Education. The purpose of this paper is to analyze the funding level of the U.S. Government and its Department of Education. It also talks about several trends that are identified at 2009 actual, 2010 and 2011 amounts for outlays and receipts, and relationship to the Gross Domestic Product (GDP). It also considers key summary of budget message of the president of US related to issues and economic situation during the financial year 2009 (Office of Management and Budget, 2010). It also discusses about various other budget documents that follows a budget message and their related issues and initiatives. In addition, this paper also considers some major funding items, mission statement and key strategic goals.

Budget Message of the President Education is considered as a priority in the budget message of the president of US. President said that the county has made an efficient growth in the economy and reduced the federal deficit by $250 billion since 2004. They have used a formula to achieve balanced budget that is to create the conditions for economic growth, keep taxes low, and expand taxpayer dollars advisably or not at all (Bush, 2008). The country also has been awarded for work hard and innovation in the world. In addition, the country has made an aggressive growth in the economy and contributed to make flexible and dynamic economy.

With the dynamic economy, people can easily pursue their dreams by turning their ideas into enterprise. Issues Facing in Look Forward: At the same time, there are several issues faced by the American economy that had created problems to look forward. These issues include recession, terrorist attacks, corporate scandals, wars, and devastating natural disasters. These issues were raised by the Americans, while they struggle with the economic downturn. A successful budget requires effective and strong economic conditions within the country (Bush, 2008). Along with this, Americans are also really concerned with their capacity to meet the expense of healthcare coverage, to pay rising energy bills and to meet monthly mortgage payments. This economic pressure can be reduced on the Americans by providing more affordable and accessible healthcare services. Economic Situation: Along with this, the economic situations in US in 2009 were in a deep recession that had been affected more than three and half jobs. These jobs were lost over the last 13 months, so that budgets are proposed to present some new programs and to eliminate initiatives (Office of Management and Budget, 2009). In addition, 8.8 Americans were also settled in the part time jobs, who want full time jobs. Capital market was also frozen that created problems in the growth of the businesses and to borrow money to afford a home, car or college education for their kids.

Other Budget Documents There are some other Budget Documents analyzed that include a budget message and precede the departmental budgets. These budget documents include “rescuing the economy”, “reviving job creation and laying a new foundation for economic growth” and “restoring responsibility”. These documents are summarized as follow: Rescuing the Economy: This document discusses about several issues and initiatives related to health insurance reform, financial stabilization, housing, reviving the financial system and critical sectors of the economy, automobile industry and rising to the challenges ahead. The rising cost of health care is one of the major challenges faced by the country. For financial stabilization, administration had undertaken a widespread, powerful, and continual committed financial system (Whitehouse, 2009). It also discusses the problems of many households to finance the purchase of motor vehicles in 2008 due to freezing up of the credits markets. This document also comprises of the information that how administration made affordable and stable plan of housing mortgage market. Reviving Job Creation and Laying a New Foundation for Economic Growth: It is another important document that provides issues related to investment for job creation and placing a new structure for economic growth.

Small Business Access (SBA) is a significant challenge in the economic crisis that restricts SBA to expand and operate the business (Whitehouse, 2009). There are several areas selected in which job creation investment will be made in future such as education, clean energy, infrastructure etc. This document also considers information related to Refocus Troubled Asset Relief Program (TARP) that is helpful for small business. The budget also eliminates capital gain tax on small business according to the American Recovery and Reinvestment Act. Enhancement in regional economic competitiveness is also essential for economic creativity and national growth. Department of Agriculture (USDA) supports rural innovation initiative that is important to foster rural revitalization. Restoring Responsibility: This document determines change in policies and programs for creativity and hard work of Americans that is necessary for economic growth. The administration has restored fiscal discipline, because president faced unfavorable economic conditions. Budget eliminates funding for inefficient fossil fuel subsidies that create threat of climate change. It also reduces improper payments that were lost by taxpayers. For this, agencies will implement Executive Order signed by president to restraint the improper payments (Whitehouse, 2009). There are several issues and initiatives determined such as decrease in accountability and reduce the number of earmarks. This document also discusses that how the technology gap can be closed, because government employees use more advanced technology at home rather than work.

Department of Education This section of president’s budget encloses certain information related to US department of education. Major funding Items: The major funding items of US department of education include receipts, outlays, deficit, debt held by the public, debt net of financial assets and Gross Domestic Product (GDP) etc. All these funding items are essential to prepare an analysis of funding levels for the U.S. Government and its departments. It is estimated that receipts are increased from 2009 to 2010 and 2011. There are some trends determined such as increment in evaluation of high-quality early childhood education, supporting innovative and efficient strategies to get better accomplishment. Department of education also stabilizes several student loan programs that can help people to save their lot of amount from tax. In addition, outlays were decreased by 9.8% in 2010 but increased in 2011 by 2.1%. The outlays and receipts affect the amount of deficits that continuously decreased in both the estimated year (Park, 2011). It is also estimated that GDP will increase during this time period that is related to all these receipts, outlays, deficits, debt held by the public and debt net of financial assets. Thus, all these trends are based on the GDP of US and its all departments.

Mission Statement and the Key Strategic Goals: The mission statement of US department of education is to encourage accomplishment of students and formulation of global competitiveness by development in educational excellence and ensuring equal access (Department of Education, 2011). This mission statement considers some key strategic goals to make a strategic plan for the country. There are some key strategic objectives made to meet with the needs of students. The key objectives of US department of education are to provide equal opportunities to every individual and to improve the quality of education (Park, 2011). In addition, the budget was also appropriate to promote the improvements in the quality and effectiveness of the education with the help of evaluation, sharing of information and federally supported researches. Along with this, US department of education also decided to increase the coordination among several educational programs that are organized by federal government. Improvement in the management of federal education activities is another important goal of the US department of education. It is quite important for creating better educational environment for the students, so that they can contribute in the growth of literacy rate of the country (Department of Education, 2011). Apart from this, department of education also wants to improve the accountability of federal education programs for the President, the Congress, and the public.

Percentage Change from 2009 to 2010 and 2010 to 2011:

  Actual 2009 Estimated 2010 Estimated 2011 % change in 2010 % change in 2011
Receipts 2,186 2,381 2,713 8.9% 13.9%
Outlays 3,938 3,552 3,625 -9.8% 2.1%
Deficit 1,752 1,171 912 -33.2% -22.1%
Debt Held by the Public 8,364 9,509 10,436 13.6% 9.7%
Debt Net of Financial Assets 6,943 8,072 8,960 16.3% 11.0%
Gross Domestic Product (GDP) 14,240 14,729 15,500 3.5% 5.2%

Summary Tables in the Budget Budget Totals in Billions of Dollars:

  Actual 2009 Estimate 2010 Estimate 2011
Receipts 2,186 2,381 2,713
Outlays 3,938 3,552 3,625
Deficit 1,752 1,171 912
Debt Held by the Public 8,364 9,509 10,436
Debt Net of Financial Assets 6,943 8,072 8,960
Gross Domestic Product (GDP) 14,240 14,729 15,500

(Source: Office of Management and Budget, 2009) Budget Totals as a Percent GDP:

  Actual 2009 Estimate 2010 Estimate 2011
Receipts 15.4% 16.2% 17.5%
Outlays 27.7% 24.1% 23.4%
Deficit 12.3% 8.0% 5.9%
Debt Held by the Public 58.7% 64.6% 67.3%
Debt Net of Financial Assets 48.8% 54.8% 57.8%

(Source: Office of Management and Budget, 2009) Conclusion From the above discussion  by our case study assignment help experts, it can be concluded that economic situation of US was not good in 2009 due to economic recession. This paper also provided funding level of US government and its department of education. The budget message of the president provides several issues facing in look forward by US government and its economic situation during the time period. It can also be concluded that summary tables of budget will be effective to determine actual amount of funding items of the year 2009 and estimated amount of the year 2010 and 2011. Several trends are also identified during the fiscal year 2011 for outlays and receipts, and relationship to the Gross Domestic Product (GDP).

References Bush, G.W. (2008). The Budget Message of the President. Retrieved from: http://www.gpo.gov/fdsys/pkg/BUDGET-2009-BUD/pdf/BUDGET-2009-BUD-4.pdf Department of Education. (2009). Annual Report 2009/10. Retrieved from: www.info.gov.za/view/DownloadFileAction?id=131310 Department of Education. (2011). U.S. Department of Education Strategic Plan for Fiscal Years 2011–2014. Retrieved from: http://bioremede.com/downloadoc.php?url=http://www2.ed.gov/about/reports/strat/plan2011-14/draft-strategic-plan.pdf Office of Management and Budget (U.S.). (2010). Budget of the United States Government, Fiscal Year 2011. USA: Government Printing Office. Office of Management and Budget. (2009). A New Era of Responsibility Renewing America’s Promise. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/assets/fy2010_new_era/A_New_Era_of_Responsibility2.pdf Office of Management and Budget. Fiscal Year 2012: Budget of the U.S. Government. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/assets/fy2010_new_era/A_New_Era_of_Responsibility2.pdf Park, M.W. (2011). Advancing Educational achievements. Retrieved from: www.edmeetings.com/agenda.pdf Whitehouse. (2009). Rescuing the Economy. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/rescuing.pdf   Whitehouse. (2009). Restoring Responsibility. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/responsibility.pdf Whitehouse. (2009). Reviving Job Creation and Laying a New Foundation for Economic Growth. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/foundation.pdf