Budget Deficit / Budget Surplus (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Deficit / Budget Surplus   Lesson 1 National Debt & Budget Deficit Explained   The relationship between spending and revenues is reflected in the surplus or deficit figure. A surplus is an excess of revenues over outlays, while a deficit is an excess of … Read more

Intragovernmental Transfers (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Intragovernmental Transfers photo credit: Tom – Switzerland Collections from other federal government accounts, often as payment for goods or services provided. Most offsetting receipts from intragovernmental transfers are offset against budget authority and outlays of the agency or subfunction that produced the goods or services. … Read more

On-Budget (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms On-Budget photo credit: neelaka All budgetary accounts other than those designated by law as off-budget. On-budget entities are federal agencies and programs that are fully reflected in the totals of the president’s budget and the congressional budget resolution. Also see Nonbudgetary; Off-Budget / Off-Budget Entities … Read more