Federal Discretionary Spending & Budget Authority : Elements & Trends
Book Details
Format
Paperback / Softback
ISBN-10
1633210413
ISBN-13
9781633210417
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jul 1st, 2014
Print length
74 Pages
Weight
168 grams
Dimensions
22.80 x 16.20 x 0.70 cms
Product Classification:
Political structures: democracyPublic administration
Ksh 15,300.00
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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.
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