Expense (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms

Expense


Outflow or other depletion of assets or incurrences of liabilities (or a combination of both) during some period as a result of providing goods, rendering services, or carrying out other activities related to an entity’s programs and missions, the benefits from which do not extend beyond the present operating period. See also “House Committee Funding Requests and Authorizations, 104th-112th Congresses,” CRS Report RL32794; Monthly Treasury Statement (includes the monthly receipts/outlays and deficit/surplus of the United States).

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