Asset Sale in the United States

Asset Sale in the Federal Budget Process

Meaning of Asset Sale in the congressional and executive budget processes (GAO source): The sale of a physical or financial asset owned in whole or in part by the federal government to the public. Asset sales are typically large-dollar transactions ($50 million or more) for which advance notification must be provided to the Department of the Treasury. Revenue from the sale of assets is accounted for in the budget as offsetting receipts or collections. In general, asset sales increase current cash payments received by the government at the expense of a stream of future income that the government would otherwise receive. (See also Direct Loan under Federal Credit.)

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Asset Sale)
• 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)