The Budget of the United States GovernmentU.S. Government Printing Office, 1971 - Budget Issues for 1951/52-1970/71 accompanied by an appendix (entitled 1951/52-1955/56, Obligations by objects and detail of personal services; 1956/57-1960/61, Detail of personal services; 1961/62, Detail of personal services and passenger motor vehicles and aircraft). |
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Common terms and phrases
1971 estimate Increase Account and functional actual esti Administration AGENCY in thousands ANALYSIS OF BUDGET assistance AUTHORITY AND OUTLAYS carry out authorizing civilian pay act code 1969 enacted Commission construction Contract authority costs Deductions for offsetting defense distributed as follows dollars)—Continued Account enacted 1970 estimate Enacted/transmitted estimate 1971 estimate Explanation facilities Federal Funds-Continued financing fiscal functional code 1969 Government income Increase or decrease Increase provides Increase reflects independent agencies Intragovernmental funds intragovernmental transactions loans manpower mate mate mate ment million in 1971 National NOA Exp offsetting receipts operations OUTLAYS BY AGENCY pay act supplemental payments programs Proposed for separate Proposed legislation Proprietary receipts Public enterprise funds Recommended to carry Repayments revenues Salaries and expenses separate transmittal shown in detail special funds Summary Federal funds thousands of dollars)—Continued Total budget authority Total Federal funds Total outlays Total trust funds Veterans wage-board supplemental
Popular passages
Page 541 - During the period when a budget is being formulated in the executive branch, there is a continuous exchange of information, proposals, evaluations, and policy determinations among the President, the Office of Management and Budget, and the various Government agencies. In the spring, each agency evaluates its programs, identifies...
Page 537 - In lieu of issuing checks, obligations may also be liquidated (and outlays occur) by the maturing of interest coupons in the case of some bonds, or by the issuance of bonds or notes (or increases in the redemption value of bonds outstanding) . Outlays during any fiscal year may be payments of obligations incurred in prior years or in the same year.
Page 18 - ... $468 million for transportation facilities and services, important ingredients in continued economic growth and job development. • $352 million for manpower training, to help more of our people to become productive and self-supporting. Budget authority. — Budget authority — generally in the form of appropriations — must be provided by the Congress before Federal agencies can commit the Government to spend or lend funds. I am recommending a total of $218.0 billion of budget authority for...
Page 96 - Food for Peace in these terms: "The United States donates and sells agricultural commodities on favorable terms to friendly nations under the Agricultural Trade Development and Assistance Act (Public Law 480). This...
Page 101 - The food stamp program ; Revenue sharing with State and local governments ; Modernization of the Nation's system of airports, airways, and public mass transit ; and An expanded rural housing program to help families with lowto-moderate incomes obtain adequate housing.
Page 539 - The seigniorage on coins, arising from the exercise of the Government's monetary powers, differs from receipts coming from the public, since there is no corresponding payment on the part of another party. Therefore, seigniorage is excluded from receipts and treated, like borrowing, as a means of financing a budget deficit, or as a supplementary amount to be applied (to reduce debt or to increase the cash in Treasury) in the years of a budget surplus.
Page 537 - The obligated balance is that portion of the budget authority that has been obligated but not yet paid. For example, in the case of salaries and wages, 1 to 3 weeks elapse between the time of obligation and the time of payment. In the case of major procurement and construction, up to several years may elapse.
Page 7 - ... out to be out of kilter by about $19 billion adversely. Continuing to quote the President : This is particularly necessary because the cost of living has been rising rapidly for the...
Page 115 - We believe that the proposed programs represent a minimum that is both necessary and essential in times of fiscal stringency. We further believe that these programs will have particular significance in terms of assisting government and private enterprise in working together in mutual respect and understanding toward the goal of sound economic growth. For these reasons, we urge the subcommittee's consideration and support of the programs of these two agencies.
Page 542 - Individual agency budgets are reviewed in detail by the Office of Management and Budget throughout the fall and early winter, and are presented to the President for decision. Overall fiscal policy problems — relating to total budget receipts and outlays — are also examined again.