Combined Statement in the United States

Combined Statement of Receipts, Outlays, and Balances of the US Government in the Federal Budget Process

Meaning of Combined Statement in the congressional and executive budget processes (GAO source): The Department of the Treasury’s annual accounting of the (1) unified budget receipts activities of the federal government, which should be consistent with the aggregated custodial nonexchange revenues (before net accrual adjustment) reported in federal agencies’ statements of custodial activity, and (2) unified budget outlays activities of the federal government, which should be consistent with net outlays reported in federal agencies’ statements of budgetary resources. This report also provides a summary accounting of agencies’ budget activities: appropriations, borrowings and investments, outlays, and balances based on the agencies’ budget execution reports. (See also Monthly Treasury Statement.)

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Combined Statement)
• 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)