Governmental Receipts in the United States
Governmental Receipts in the Federal Budget Process
Meaning of Governmental Receipts in the congressional and executive budget processes (GAO source): Collections from the public based on the government’s exercise of its sovereign powers, including individual and corporate income taxes and social insurance taxes, excise taxes, duties, court fines, compulsory licenses, and deposits of earnings by the Federal Reserve System. Gifts and contributions (as distinguished from payments for services or cost-sharing deposits by state and local governments) are also counted as governmental receipts. Total governmental receipts include those specifically designated as off-budget by provisions of law. Total governmental receipts are compared with total outlays in calculating the budget surplus or deficit. (See also Federal Fund Accounts under Account in the President’s Budget; Gross Basis and Net Basis under Budgeting in Relation to Totals under Bases of Budgeting; Off-Budget; On-Budget.)
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Governmental Receipts)
- 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)
Offsetting Governmental Receipts in the Federal Budget Process
Meaning of Offsetting Governmental Receipts in the congressional and executive budget processes (GAO source): A term used by the Office of Management and Budget (OMB) to designate receipts that are governmental in nature (e.g., tax receipts, regulatory fees, and compulsory user charges) but are required by law to be classified as offsetting.
Guide to U.S. Federal Offsetting Receipts (Budget Process)
- Offsetting Receipts
- Proprietary Receipts
- Intragovernmental Transfers
- Offsetting Governmental Receipts
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Offsetting Governmental Receipts)
- 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)
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