Federal Discretionary Spending & Budget Authority : Elements & Trends

Gerald A Grasso

ISBN 10: 1633210413 / ISBN 13: 9781633210417

Published by Nova Science Publishers Inc Jul 2014, 2014

Neuware - Discretionary spending covers the costs of the routine activities commonly associated with such federal government functions as running executive branch agencies, congressional offices and agencies, and international operations of the government. Essentially all spending on federal wages and salaries is discretionary. Discretionary spending also funds grants, purchases of equipment and other assets, and contractor services that support various federal programs and activities. Congress provides and controls discretionary funding through annual appropriations acts, which grant federal agencies the legal authority to obligate the U.S. government to make payments. Budget authority is the amount that can be legally obligated. Outlays are the payments made by the U.S. Treasury to satisfy those obligations. This book discusses trends in outlays. It also presents figures showing trends in discretionary budget authority as a percentage of GDP by subfunction within each of 17 budget function categories, using data from President Obama's FY2014 budget submission. It provides a starting point for discussions about spending trends. Seller Inventory # 9781633210417

Synopsis:

Discretionary spending covers the costs of the routine activities commonly associated with such federal government functions as running executive branch agencies, congressional offices and agencies, and international operations of the government. Essentially all spending on federal wages and salaries is discretionary. Discretionary spending also funds grants, purchases of equipment and other assets, and contractor services that support various federal programs and activities. Congress provides and controls discretionary funding through annual appropriations acts, which grant federal agencies the legal authority to obligate the U.S. government to make payments. Budget authority is the amount that can be legally obligated. Outlays are the payments made by the U.S. Treasury to satisfy those obligations. This book discusses trends in outlays. It also presents figures showing trends in discretionary budget authority as a percentage of GDP by subfunction within each of 17 budget function categories, using data from President Obama's FY2014 budget submission. It provides a starting point for discussions about spending trends.

Bibliographic Details

Title: Federal Discretionary Spending & Budget ...
Publisher: Nova Science Publishers Inc Jul 2014
Publication Date: 2014
Binding: Taschenbuch
Condition: Neu