the United States Treasury Department – budgetary issues involving the agency

The budgetary resources allocated for the department of the Treasury for the 2013 year is $ 14 billion (US Government Printing Office, 2012, p. 163). The budgetary allocation serves to enhance the department’s roles such as ensuring implementation of the administration’s financial-stability plan, ensuring enforcement of the IRS tax law, ensure accuracy of taxpayer filings and improved experience, encourage small business lending and protect vulnerable homeowners (US Government Printing Office, 2012).

The budgetary allocation for the entity in the 2013 budget is among the 11th lowest allocation with the lowest allocation being for small business administration (US Government Printing Office, 2012). The allocation for 2013 was 6.9 percent higher than the enacted level for 2012 (US Government Printing Office, 2012). Such increase was occasioned by projected increases in the IRS expenditure to help in tax enforcement and compliance (US Government Printing Office, 2012). The administrative costs in the 2013 estimates are projected to reduce by over $ 100 million (US Government Printing Office, 2012, p. 163). Go to part five here.

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