Intragovernmental Transfers in the United States
Intragovernmental Transfers in the Federal Budget Process
Meaning of Intragovernmental Transfers in the congressional and executive budget processes (GAO source): Collections from other federal government accounts, often as payment for goods or services provided. Most offsetting receipts from intragovernmental transfers are offset against budget authority and outlays of the agency or subfunction that produced the goods or services. However, two intragovernmental transfers are classified as undistributed offsetting receipts:
(1) agency payments as employers into employee retirement trust funds and
(2) interest received by trust funds. These offsetting receipts appear as offsets to budget authority and outlays for the government as a whole, rather than at the agency level.
Intragovernmental transfers may be (1) intrabudgetary (on-budget), (2) off-budget, or (3) transfers between on-budget and off-budget accounts. Intrabudgetary transfers are further subdivided into three categories: (1) interfund transfers, where the payment is from one fund group, either federal or trust, to a receipt account in the other fund group; (2) federal intrafund transfers, where the payment and receipt both occur within the federal fund group; and (3) trust intrafund transfers, where the payment and receipt both occur within the trust fund group.
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 Intragovernmental Transfers)
- 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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