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Budget authority

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Definition Edit

Budget authority is

authority provided by federal law to enter into financial obligations that will result in immediate or future outlays involving federal government funds. Budget authority includes (1) appropriations, (2) borrowing authority, (3) contract authority, and (4) authority to obligate and expend offsetting receipts and collections.[1]

References Edit

  1. Government Accountability Office, A Glossary of Terms Used in the Federal Budget Process (GAO-05-734SP) (Sept. 1, 2005) (full-text).

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