The collegebudgetisan importantformpart for thenationalbudgetand it is the preconditions and bases for college proceeding with variouseconomicactivitieses.
Due to its inability to pay its debts and a mutual desire to keep Greece in the eurozone, Greece has had to accept various external conditions from the EU regarding its budget and nationaleconomic policies in exchange for forbearance and additional capital.
Normally, the Office of Management and Budget and the NationalEconomic Council would be heavily engaged on the issuance of regulations tied to a major law like Obamacare.
At its inception, the purpose of the Council was to take formulation of key economic and financial policies and the national budget out of the hands of career bureaucrats in powerful ministries, particularly the Ministry of Finance, and put policy-making in the hands of elected officials, acting on advice of both the bureaucracy and academics and business leaders.