Tag: 31 U.S.C. § 1552

Budget Authority (CongressionalGlossary.com)

Budget Authority (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Authority photo credit: Carly & Art The key terms of federal spending are budget authority, obligations, outlays, and spendout rate. Congress and the president enact budget authority in law. Budget authority allows federal agencies to incur obligations, such as entering into contracts, employing personnel, […]