A Glossary of Terms Used in the Federal Budget Process
A basic reference document for persons interested in the federal budget-making process. Emphasizes budget terms in addition to relevant economic & accounting terms to help the user appreciate the dynamics of the budget process. Also distinguishes between any differences in budgetary & non-budgetary meanings of terms. Over 300 terms defined. Appendices: overview of the federal budget process, budget functional classification, program & financing schedule, major laws cited, & more.
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activities Allocation amount Antideficiency Act apportionment appropriation act appropriation or fund assets authority and outlays available for obligation Budget and Impoundment budget authority Budget Committees Budget Enforcement Act Budget Functional Classification Budget OMB budget request budget resolution budgetary resources cash Chart of Accounts Classification Code Subcode Code Subcode Function concurrent resolution Congress Congressional Budget Act Credit Reform credit subsidy cost Deflator Economics direct loan discretionary Economics Term enacted estimated executive expenditure expired Federal Budget Federal Credit federal government fiscal Function or subfunction Functional Classification Code fund account government accounts GPRA Impoundment Control Act included Line Item Veto loan guarantee Management and Budget Object Classification obligational accounting off-budget Office of Management offsetting collections offsetting receipts operations PAYGO payments President President's budget proposed proprietary accounting reconciliation instructions Rescission revenues seigniorage specific transactions transfers Treasury Treasury securities trust fund U.S. Constitution United States Code unobligated balances
Page 47 - Acts ; and (C) to make payments (including loans and grants), the budget authority for which is not provided for in advance by appropriation Acts, to any person or government if, under the provisions of the law containing such authority, the United States is obligated to make such payments to persons or governments who meet the requirements established by such law.
Page 13 - An authorization by an act of Congress that permits Federal agencies to incur obligations and to make payments out of the Treasury for specified purposes.
Page 143 - Programs providing benefits and services, the eligibility for which is related to prior military service, but the financing of which is not an integral part of the costs of national defense.
Page 55 - September 30 of the following year; it is designated by the calendar year in which it ends. For example, fiscal year 1990 began October 1, 1989, and ended September 30, 1990.
Page 79 - Program An organized set of activities directed toward a common purpose or goal, undertaken or proposed by an agency to carry out its responsibilities.
Page 6 - Government as agent for others (for example, savings accounts for military personnel, State and local income taxes withheld from Federal employees' salaries, and payroll deductions for the purchase of savings bonds by civilian employees of the Government) . Such transactions affect Treasury's cash balances even though they are not a part of the budget.
Page 72 - Insurance Trust Fund and the Disability Insurance Trust Fund.
Page 15 - ... or sanctions a particular type of obligation or expenditure within a program. Authorizing legislation is normally a prerequisite for appropriations. It may place a limit on the amount of budget authority to be included in appropriation acts or it may authorize the appropriation of "such sums as may be necessary.