Certified Government Financial Manager (CGFM) 2026 – 400 Free Practice Questions to Pass the Exam

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What term has replaced "earmarked" funds in budget discussions?

Obligated funds

Dedicated resources

The term "dedicated resources" has replaced "earmarked" funds in budget discussions, reflecting a shift in terminology that emphasizes the specific purpose of financial allocations without the constraints typically associated with earmarked funds. Dedicated resources are funds designated for specific activities or services, ensuring that they are utilized in a manner consistent with the intended purpose. This shift helps clarify fiscal policies and procedures related to budgeting, reinforcing fiscal discipline and accountability.

In contrast, "obligated funds," "special accounts," or "allocated funds" do not capture the same level of specificity regarding purposeful designation, which is why "dedicated resources" is preferred in contemporary discussions. The focus on clarity and specificity in financial terminology aids in better understanding and management of public funds.

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Special accounts

Allocated funds

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