Advance Funding in the United States

Advance Funding in the Federal Budget Process

Meaning of Advance Funding in the congressional and executive budget processes (GAO source): Budget authority provided in an appropriation act to obligate and disburse (outlay) in the current fiscal year funds from a succeeding year’s appropriation. Advance funding is a means to avoid making supplemental requests late in the fiscal year for certain entitlement programs in cases where the appropriations for the current year prove to be insufficient. When such budget authority is used (i.e., funds obligated), the budget records an increase in the budget authority for the fiscal year in which it is used and a reduction in the budget authority for the following fiscal year. (For a distinction, see Advance Appropriation; Multiple-Year Authority under Duration under Budget Authority; Forward Funding.)

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Advance Funding )
• 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)