Tag: Obligations Basis

Bases of Budgeting (CongressionalGlossary.com)

Bases of Budgeting (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Bases of Budgeting photo credit: Scott Ableman Methods for calculating budget figures. Not all methods are mutually exclusive. For example, the federal budget includes both net and gross figures and reports both obligations and cash or cash equivalent spending. As a general rule, budget receipts […]