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has gloss | eng: The Budget and Accounting Act of 1921 (, , enacted June 10, 1921) was landmark legislation that established the framework for the modern federal budget. For the first time, it required the President to submit to Congress an annual budget for the entire federal government. The Act also created the Bureau of the Budget, now called the Office of Management and Budget, to review funding requests from government departments and assist the president in formulating the budget. |
lexicalization | eng: Budget and Accounting Act |
instance of | c/United States federal budgets |
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