From the Congressional Glossary – Including Legislative and Budget Terms Budget Enforcement Act of 1990 P.O. Arnäs The Budget Enforcement Act of 1990, Pub. L. No. 101-508, title XIII, 104 Stat. 1388, 1388-573 (Nov. 5, 1990), was adopted to replace the Gramm-Rudman-Hollings Act of 1987, as a response to the budget crisis that persisted through … 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
From the Congressional Glossary – Including Legislative and Budget Terms Nonbudgetary A term used to refer to transactions of the government that do not belong within the budget. Nonbudgetary transactions (such as deposit funds, direct loan and loan guarantee financing accounts, and seigniorage) do not belong in the budget because they do not represent net … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Process Established by the Congressional Budget and Impoundment Act of 1974, the budget process refers to the steps necessary for adoption of a concurrent resolution on the budget, thereby creating the framework for consideration of appropriations bills and authorizing legislation. The Joint Select Committee … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Discretionary usually modifies “spending,” “appropriation,” or “amount.” Discretionary spending refers to outlays from budget authority that is provided in and controlled by annual appropriation acts. Discretionary appropriation refers to those budgetary resources that are provided in appropriation acts, other than those that fund mandatory programs. … Read more