TITLE

THE BUDGET ENFORCEMENT ACT: HAS ORWELL'S VISION OF THE FUTURE COME TRUE?

AUTHOR(S)
Collender, Stanley E.
PUB. DATE
September 1991
SOURCE
National Tax Journal;Sep91, Vol. 44 Issue 3, p247
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the provisions underlying the Budget Enforcment Act (BEA) in the U.S. The BEA maintains the concept of maximum deficit amounts the the across-the-board spending cuts that are supposed to occur if the president and the Congress do not reduce the deficit to the maximum. It is concerned with limiting enacted increases in spending and decreases in revenues. The two major enforcement mechanisms are limits on appropriations and a pay-as-you-go (PAYGO) system for entitlements and taxes. All appropriations have been divided into three categories and limits or caps have been set for each one. The three categories are defense, international, and domestic. If legislation is enacted that would cause spending in any appropriations category for any year to exceed the cap for the category, a new type of sequester will occur that will only cut programs in that category by whatever percentage is needed to reach the cap. The PAYGO system is created to make it difficult for the White House and the Congress to enact legislation that would increase the amount spent on entitlements or reduce the amount of revenue collected under existing law. Any proposed spending increases above or revenue reductions below the baseline must now be offset with either other entitlement reductions or revenue increases, so that there is no net impact on the deficit.
ACCESSION #
9705253337

 

Related Articles

  • House Approves Revised D.C. Funding Bill, Senate Next Stop. Vadum, Matthew // Bond Buyer;10/7/2004, Vol. 350 Issue 31985, p4 

    Reports that the U.S. House has approved Washington D.C.'s spending bill for fiscal 2005 which would authorize the city to sell multi-million of general obligatory fund. Coverage of the spending bill; Amount of the federal payment to the city; Inclusions in the federal payment to the city;...

  • Budget Bill Approved. J. H. // Education Week;10/9/1985, Vol. 5 Issue 6, p6 

    The article focuses on the decision of the House of Representatives to approve the multibillion-dollar budget for the Education Department in the U.S. The budget level is recommended by the Appropriations Committee. The Committee was to clear a fiscal 1986 department-spending bill with levels...

  • Summary of Receipts and Expenditures.  // Congressional Digest;Dec28, Vol. 7 Issue 12, p335 

    Presents a summary of receipts and expenditures for the U.S. for the year 1930, as included in the budget proposed by the U.S. President for the year 1930. Amounts of receipts from Customs, income taxes, miscellaneous internal revenue and miscellaneous receipts; Total expenditures; Estimates of...

  • Faced With a Huge Potential Shortfall, Cook County, Ill., Eyes Changes. Carvlin, Elizabeth // Bond Buyer;9/29/2006, Vol. 357 Issue 32477, p38 

    The article focuses on the corrective budget and operational plans for Cook County, Illinois. A team of state and congressional lawmakers are making suggestions for the new administration of the county. It was believed that the plan is a more detailed report which specify how much the county can...

  • Scots town hall funding lsquo;not set outrsquo; in budget. Scott, David // Public Finance;10/10/2003, p16 

    Criticizes the government budget of Scotland for failure to provide funding implications for local government. Lack of specifications in the plans affecting public services; Conviction of David Dorward, director of finance for Dundee City Council, on the matter; Announcement of finance minister...

  • Long road ahead for leasing. Martin, David // Public Finance;9/9/2005, p20 

    Comments on the response of local authorities to the introduction of the Prudential Code, a regulation that provides funding options for local governments in Great Britain. Usefulness of the code in freeing local authorities to apply capital expenditure where it was most appropriate; Usability...

  • A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries. Leruth, Luc; Paul, Elisabeth // OECD Journal on Budgeting;2007, Vol. 7 Issue 3, p103 

    A well-functioning public expenditure management system (PEM) is considered a critical pillar of government efficiency. This article discusses PEM systems in developing countries using an analytical frameworks based on principal-agent theory. This simple model can be applied to various PEM...

  • NATIONAL SCIENCE FOUNDATION: ANOTHER ROUND. Grobstein, Clifford // Bulletin of the Atomic Scientists;Apr1952, Vol. 8 Issue 4, p98 

    The article reports on the 1952 government appropriations for the National Science Foundation (NSF). The foundation was created to promote the progress of science, to advance national health, prosperity and welfare and to secure national defense. Following the recommendation of its...

  • THE STATE AND LOCAL CAPITAL BUDGET IN THEORY AND PRACTICE. Maxwell, James A.; Aronson, J. Richard // National Tax Journal;Jun67, Vol. 20 Issue 2, p163 

    This article discusses the need of loan finance for public consumer durables not only to synchronize total benefits and costs, but also to secure intergeneration equity. Spending for durable good is a continuous process which would go on quite steadily year after year, the business cycle. The...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics