The Budget of the United States GovernmentExecutive Office of the President, Office of Management and Budget, 1972 - Budget |
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1973 estimate Increase Account and functional activities actual additional Administration Advances AGENCY in thousands Agriculture ANALYSIS OF BUDGET appropriations assistance AUTHORITY AND OUTLAYS benefits BUDGET AUTHORITY code 1971 enacted Commission Congress construction Continued costs debt Deductions for offsetting Defense Department dollars economic effective efforts employment enacted 1972 estimate esti estimate 1973 estimate expanded expenditures Explanation facilities financing forces foreign functional code 1971 Government grants housing improve Includes income Increase or decrease interest International Intragovernmental land loans mate ment MICHIGAN military million needs NOA Exp obligations Office offsetting receipts operations OUTLAYS BY AGENCY payments permanent planning programs projects Proposed legislation Proprietary receipts Provides recommended reflects requested result retirement revenue sharing rural Salaries and expenses space special funds supplemental tion Total Federal funds transactions transportation trust funds United veterans
Popular passages
Page 64 - Despite a substantial drop in effective income tax rates due to the Tax Reform Act of 1969 and The Revenue Act of 1971...
Page 176 - Strengthened the Office of Federal Contract Compliance, and the Equal Employment Opportunity Commission.
Page 493 - ... or by the issuance of bonds or notes (or increases in the redemption value of bonds outstanding). Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
Page 492 - Most authority to obligate funds is granted year by year (current authority). Under certain laws, some budget authority in Federal funds and most budget authority in the trust funds becomes available from time to time without further action by Congress (permanent authority) . The amount of budget authority is usually named specifically in the legislation which makes it available (definite authority).
Page 14 - Except in emergency conditions, expenditures should not exceed the level at which the budget would be balanced under conditions of full employment. The 1973 Budget conforms to this guideline. By doing so, it provides necessary stimulus to expansion, but is not inflationary."27 Similarly, the President's budget message for the fiscal year 1974 stated, "I am proposing to avoid both higher taxes and inflation by holding spending in 1974 and 75 to no more than revenues would be at full employment."28...
Page 10 - Schools need emergency assistance полу to make necessary adjustments to provide equal educational opportunity. This budget allocates $500 million in 1972 and $1 billion in 1973 for this purpose. Government reorganization is needed now, to deliver more services for each tax dollar collected. The pain this change will bring to special interests and bureaucracies is less important than the pain existing bureaucratic arrangements now cause the people. A reorganized government will be a better, more...
Page 31 - For example, this year we shall have the agency which sent men to the moon and back begin to assist the Department of Transportation in finding better ways to send people downtown and back...
Page 36 - The moral is clear. A strong fiscal discipline will be necessary in the years ahead if we are to preserve the buying power of the dollar. New spending programs must be evaluated against the most stringent of standards : do they have enough merit to warrant increases in taxes or elimination of existing programs? This Administration has measured its proposals against this standard. I have made the hard choices necessary to assure that they can be financed within a full-employment budget policy. I urge...
Page 499 - House, the appropriation or tax bills are forwarded to the Senate, where a similar process is followed. In case of disagreement between the two Houses of Congress, a conference committee (consisting of Members of both bodies) meets to resolve the issues. The conference report is returned to both Houses...
Page 7 - BUDGET TOTALS AND BUDGET POLICY As President Nixon pointed out in his budget message, "The budget of the United States for fiscal year 1973 has as a central purpose a new prosperity for all Americans without the stimulus of war and without the drain of inflation.