Net Basis in the United States

Net Basis in the Federal Budget Process

Meaning of Net Basis in the congressional and executive budget processes (GAO source): The use of budgetary totals from which offsetting collections have been deducted. Under this display, budgetary totals include offsetting collections as offsets to obligations and outlays rather than as receipts. (See also Offsetting Collections under Collections.)

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Net Basis)
• Public Debt

Further Reading

• Legislatures and the budget process: the myth of fiscal control

  (J Wehner, 2010)

• Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
• Fiscal institutions and fiscal performance

  (JM Poterba, J von Hagen, 2008)