Recommendations for Improving Congressional Control Over Budgetary Outlay and Receipt Totals: Report
U.S. Government Printing Office, 1973 - 52 lappuses
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action addition allocations amendments amounts annual appears applied Appro appropriation bills Appropriations Committees assistance assurance Authorization legislation backdoor balances basis believed benefits billion budget authority Budget Committees budget outlays budgetary ceiling changes completed concurrent resolution Congress congressional consideration considered consistency continuing Corporation debt deficit Department determination direct economic effect enacted established estimated expenditures extent Federal funds final Finance fiscal year 1974 followed Government House House and Senate House or Senate included income increase indicated Individual Initiated involving Joint Study Committee July legislation limitations loans mandatory Means measures needed obligations overall percent period present President prior priorities problem procedure programs proposed receipts recommended reductions Related relatively represents requested respect result revenue rule Senate session showing social specific spending surcharge surplus TABLE taken tax committees tion trust funds uncontrollable various
9. lappuse - In holding hearings pursuant to subdivision (A), the committee shall receive testimony from the Secretary of the Treasury, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, and such other persons as the committee may desire.
33. lappuse - ... accounts for which the revenue is earmarked. All trust fund payments are made from the specific trust funds accounts. Trust funds surplus receipts are invested in Federal securities (public debt or Federal agencies obligations). At the end of fiscal year 1971 the trust funds owned $96,000,000,000 of public debt securities.
33. lappuse - I ncome taxes (individuals and corporations), most excise taxes, estate and gift taxes, customs duties, and miscellaneous receipts are paid into the Federal funds accounts from which all Federal funds expenditures are piad. All trust funds receipts are paid into the specific trust fund accounts for which the revenue is earmarked. All trust fund payments are made from the specific trust funds accounts Trust funds surplus receipts are invested in Federal securities (public debt or Federal agencies...
7. lappuse - ... spending reductions. The fact that no legislative committee has the responsibility to decide whether or not total outlays are appropriate in view of the current situation appears to be responsible for much of the problem.
33. lappuse - The unified budget concept includes both Federal funds and trust funds for receipts and outlays. Federal funds correspond roughly to the old administrative concept used by the Federal Government prior to fiscal