Evolution of United States budgeting / Annette E. Meyer.

Format:

Book

Author/Creator:

Meyer, Annette E.

Language:

English

Subjects (All):

Budget--United States.

Budget.

Physical Description:

1 online resource (xiv, 273 pages) : illustrations

Edition:

Rev. and expanded ed.

Distribution:

London : Bloomsbury Publishing, 2024

Place of Publication:

Westport, Conn. : Praeger, 2002.

Language Note:

English

Summary:

As a fiscal document recording the spending, taxing, and borrowing policies for the coming year, the U.S. budget continues to be a model for other nations. This book focuses on the various phases of budget making, its historical background in fiscal and monetary terms, and special budgetary issues, including the budget balance, credit activities of Government-Sponsored Enterprises, the future health of Social Security, and the budget's relationship to the financial and public goods aspects of the international environment. Covering major changes in the structure and process of budgeting since 1989, when the book was first published, this volume covers new ground in many aspects of fiscal and financial policy, domestically and internationally. Each section of the book is devoted to a different aspect of U.S. budgeting, ranging from the foundations of the present policies, to the annual budget cycle, to the actual methods of accomplishment, and the containment of those policies in the global framework. One section focuses on high visibility issues-Social Security, surpluses, federal debt, and entitlement programs. The book provides a valuable overview for those wishing to understand the budget process and its foundations while aspiring to help improve that process.

Contents:

Cover

Evolution of United States Budgeting

Contents

Tables

Acronyms

Introduction

Part I Foundations of U.S. Budget Policies

Chapter 1 Fiscal Institutions and Concepts

SPENDING AND ECONOMIC POLICY

TYPES OF SPENDING

DEBT MANAGEMENT

SHORT-RUN SPENDING STABILITY

SPENDING LIMITATIONS

DECENTRALIZATION OR FISCAL FEDERALISM

TAXING AND ECONOMIC POLICY

TYPES OF TAXATION

OPTIMAL TAXATION

EFFICIENCY AND EQUITY

CONCLUDING COMMENTS

Chapter 2 Financial Institutions and Concepts

THE FEDERAL RESERVE SYSTEM AND THE GRAMM-LEACH-BLILEY ACT OF 1999

MONEY AND MONETARY POLICY

INFLATION

DEBT AND DEBT MANAGEMENT

PRIVATE DEBT AND PUBLIC DEBT

MONETARY POLICY AND INTEREST RATES

CREDIT: ON AND OFF BUDGET

FEDERAL FINANCING BANK

CONTINGENT LIABILITIES

FEDERAL PARTICIPATION IN CREDIT MARKETS

FEDERAL BUDGET DOCUMENTS

Part II An Overview of the Budget Process

Chapter 3 Executive Formulation

THE PRESIDENT AND THE BUDGET

THE BUDGET CYCLE

NATIONAL INCOME AND PRODUCT ACCOUNTS

THE TREASURY

OFFICE OF MANAGEMENT AND BUDGET

REFORM IN THE EXECUTIVE BRANCH: NATIONAL PERFORMANCE REVIEW

REFORM IN THE EXECUTIVE BRANCH: DOWNSIZING

REFORM IN THE EXECUTIVE BRANCH: COST-BENEFIT ANALYSIS

REFORM IN THE EXECUTIVE BRANCH: FEDERALISM

REFORM IN THE EXECUTIVE BRANCH: INTERNAL REVENUE SERVICE

BUDGETARY MANAGEMENT IN OTHER NATIONS

Chapter 4 Congressional Action

CONGRESS AND THE CONSTITUTION

CONGRESSIONAL BUDGET ACT OF 1974

CONGRESS AND THE BUDGET PROCESS

BASIC BUDGET LEGISLATION

BUDGET REFORM AND THE PRIVATE SECTOR

CONGRESS AND THE FEDERAL RESERVE SYSTEM

THE CONGRESS AND THE FRS INTO THE TWENTY-FIRST CENTURY

Chapter 5 Budget Execution

BASIC ELEMENTS.

REFORMS IN MANAGEMENT AND CONTROL

PERFORMANCE BUDGETING

THE ROLE OF THE TREASURY AND THE FEDERAL RESERVE SYSTEM

THE TREASURY, THE FEDERAL RESERVE BANKS, AND THE PUBLIC DEBT

VARIATIONS IN BUDGET TOTALS

BUDGET TRANSFERS

THE ROLE OF THE GENERAL ACCOUNTING OFFICE

FEDERAL FINANCIAL AUDIT FOR FISCAL YEAR 1999

THE FEDERAL BALANCE SHEET

Part III Budget Content and Presentation

Chapter 6 Trends in Budget Totals

FEDERAL FINANCES AND GROSS DOMESTIC PRODUCT

COMPOSITION OF OUTLAYS

TOTAL GOVERNMENT EXPENDITURES: FEDERAL, STATE, AND LOCAL

TOTAL GOVERNMENT RECEIPTS

DIRECT LOANS AND LOAN GUARANTEES

DEFICITS AND SURPLUSES

ON-BUDGET AND OFF-BUDGET TOTALS

SURPLUS OR DEFICIT BY FUND GROUP

BUDGET AUTHORITY

THE FEDERAL DEBT

Chapter 7 Summary and Financing of the Federal Budget

BUDGET PRESENTATION

BUDGET FINANCING AND DEBT

FEDERAL DEBT AND THE BUDGET SURPLUS

AGENCY DEBT AND THE GOVERNMENT ACCOUNTS

THE GOVERNMENT OF THE UNITED STATES

Part IV Budget Reporting and Control

Chapter 8 Budget Authority, Capital Budgeting, and Impoundment

AUTHORIZATION

TYPES OF BUDGET AUTHORITY AND BUDGET FUNDS

SPENDING LIMITS OR "CAPS"

BUDGET OUTLAYS

CAPITAL BUDGETING

DEFINITIONS

PRINCIPLES

ARGUMENTS FOR CAPITAL BUDGETING

REJECTION OF CAPITAL BUDGETING AND ALTERNATIVE RECOMMENDATIONS

IMPOUNDMENT

Chapter 9 Current Services Budget, Tax Expenditures Budget, and Off-Budget Federal Entities and Activities

CURRENT SERVICES

TAX EXPENDITURES

OFF-BUDGET FEDERAL ENTITIES AND ACTIVITIES

OFF-BUDGET ISSUES OF SOCIAL SECURITY

OFF-BUDGET ISSUES OF GOVERNMENT SPONSORED ENTERPRISES

Chapter 10 Perspectives on Deficits and Surpluses.

BACKGROUND ON DEFICITS

BACKGROUND ON SURPLUSES

CONTRIBUTIONS OF TAX POLICY TO SURPLUSES

EXTERNAL DEFICITS AND SURPLUSES

BUDGET BALANCES, DEBT, AND DEBT MANAGEMENT

Part V The U.S. Budget in an International Setting

Chapter 11 Megamacroeconomics and International Finance

INTERNATIONAL ECONOMIC INTEGRATION

INTERNATIONAL FINANCIAL CRISES

A GLOBAL FINANCIAL SYSTEM

Chapter 12 Megamicroeconomics and Global Federalism

THE CASE FOR GOVERNMENT INTERVENTION: PUBLIC GOODS

GOVERNMENT INTERVENTION AND EXTERNALITIES

ECONOMIC GROWTH AND SOCIAL AND POLITICAL INSTITUTIONS

PUBLIC CHOICE AND VOTING TECHNIQUES

TYPES OF GOVERNMENT INTERVENTION

TAXATION AND REFORM

WORLD TRADE

SUPRAGOVERNMENT INTERVENTION

Epilogue: Mega-economics and the Federal Budget

References

Index

About the Author.

Notes:

Previously published: New York : Greenwood Press, 1989.

Includes bibliographical references (p. [245]-257) and index.

ISBN:

9798400648670

9786610315420

9781280315428

1280315423

9780313013867

0313013861

OCLC:

614559011