Credit Program Account in the United States

Credit Program Account in the Federal Budget Process

Meaning of Credit Program Account in the congressional and executive budget processes (GAO source): A budget account that receives and obligates appropriations to cover the subsidy cost (on a net present value basis) of a direct loan or loan guarantee and disburses the subsidy cost to the financing account. Usually, a separate amount is also appropriated in the program account for administrative expenses that are directly related to credit program operations. (See also Present Value.)

Guide to U.S. Federal Credit Reform Act Accounts (Budget Process)

• Credit Reform Act Accounts
• Credit Program Account
• Financing Account
• Liquidating Account
• Negative Subsidy Receipt Account

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Credit Program Account)
• 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)