From the Congressional Glossary – Including Legislative and Budget Terms Monthly Treasury Statement (MTS) photo credit: Daquella manera A summary statement prepared from agency accounting reports and issued by the Department of the Treasury (Treasury). The MTS presents the receipts, outlays, resulting budget surplus or deficit, and federal debt for the month and the fiscal … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Combined Statement of Receipts, Outlays, and Balances of the United States Government photo credit: Martin Cathrae The Department of the Treasury’s annual accounting of the (1) unified budget receipts activities of the federal government, which should be consistent with the aggregated custodial nonexchange revenues (before … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Expense Achieving Transparency And Accountability In Federal Spending (Part 1 of 2) 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 … Read more