1 What is the process by which Government expenditures are a

1. What is the process by which Government expenditures are authorized and funded?       

2. What are the major types of appropriations and their uses?

3. What are the most common constraints on the use of appropriated funds?

4. Explain the Statute of Frauds. Discussion public policy reasons for the existence of the Statute of Frauds.

5. What are the steps taking to avoid having a contract invalidated under SOF

Solution

1. in fiscal polocy governments plans its incomes and expenditures for a particular year. the expenditure or investment should be approved by government and funds will be allocated from the available funds.

2. the major sources of funds to any government is collections of taxes and they are used for development and welfare purpose

3. the major constraint is the proper utilization of funds in a correct way

4. statutes of frauds refers that some contracts should be enter in the writen form and should be mention the oblitations and rights of each party. to complete the tasks and contract succesfully they need this one/

5. if the parties are not eligible to enter into any contract, then the contracts are invalid. and there should be lawful oblitation, the duties and obligations of the parties should well defined.