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Author: Susan B. Epstein
Publisher:
ISBN:
Category : Sequestration (Public finance)
Languages : en
Pages : 10
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Book Description
Congress has an interest in the cost and effectiveness of foreign affairs activities that promote U.S. interests overseas. The Budget Control Act of 2011 (BCA, P.L. 112-25), as amended by the American Taxpayer Relief Act of 2012 (P.L. 112-240/H.R. 8, signed into law on January 2, 2013), requires across-the-board reductions (sequestration) in most federal defense and nondefense discretionary programs, projects, and activities, including those in foreign affairs. These automatic cuts went into effect on March 1, 2013. Of ongoing interest will be the impact of these cuts on State Department operations, foreign aid programs, and their ability to protect Americans and promote U.S. interests overseas. According to a February 22, 2013, Pew Research Center survey, Americans surveyed support cuts in foreign aid spending more than any other government activity mentioned. Although still not the majority, 48% of those polled prefer a decrease in foreign aid, while 49% prefer it remains at the current level or is increased. When asked about the Department of State, 34% said they prefer the Department of State funding be decreased, while 60% support maintaining current State Department funding or increasing it. At the same time that sequestration is being implemented, Congress is also working on continuing government funding through the remainder of the fiscal year. Currently, the government is operating under a continuing resolution (CR, P.L. 112-175) that provides stop-gap funding through March 27, 2013. Some believe that Congress might pass a CR that provides more flexibility for implementing the sequestration law. Whether or not a CR amends the across-the-board cuts, many expect the new CR funding levels to change the baseline of Office of Management and Budget (OMB) calculations and, thus, change the current estimates of sequestration cuts, including for foreign affairs spending accounts. In addition, the Administration has indicated that it intends to submit its FY2014 budget request to Congress in April. It will identify President Obama's priorities and plans for meeting the BCA caps in the next fiscal year. This report discusses current OMB estimates of foreign affairs accounts sequestration amounts. For background on the current foreign affairs budget, see CRS Report R42621, State, Foreign Operations, and Related Programs: FY2013 Budget and Appropriations. This report will be updated as changes occur.
Author: Susan B. Epstein
Publisher:
ISBN:
Category : Sequestration (Public finance)
Languages : en
Pages : 10
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Book Description
Congress has an interest in the cost and effectiveness of foreign affairs activities that promote U.S. interests overseas. The Budget Control Act of 2011 (BCA, P.L. 112-25), as amended by the American Taxpayer Relief Act of 2012 (P.L. 112-240/H.R. 8, signed into law on January 2, 2013), requires across-the-board reductions (sequestration) in most federal defense and nondefense discretionary programs, projects, and activities, including those in foreign affairs. These automatic cuts went into effect on March 1, 2013. Of ongoing interest will be the impact of these cuts on State Department operations, foreign aid programs, and their ability to protect Americans and promote U.S. interests overseas. According to a February 22, 2013, Pew Research Center survey, Americans surveyed support cuts in foreign aid spending more than any other government activity mentioned. Although still not the majority, 48% of those polled prefer a decrease in foreign aid, while 49% prefer it remains at the current level or is increased. When asked about the Department of State, 34% said they prefer the Department of State funding be decreased, while 60% support maintaining current State Department funding or increasing it. At the same time that sequestration is being implemented, Congress is also working on continuing government funding through the remainder of the fiscal year. Currently, the government is operating under a continuing resolution (CR, P.L. 112-175) that provides stop-gap funding through March 27, 2013. Some believe that Congress might pass a CR that provides more flexibility for implementing the sequestration law. Whether or not a CR amends the across-the-board cuts, many expect the new CR funding levels to change the baseline of Office of Management and Budget (OMB) calculations and, thus, change the current estimates of sequestration cuts, including for foreign affairs spending accounts. In addition, the Administration has indicated that it intends to submit its FY2014 budget request to Congress in April. It will identify President Obama's priorities and plans for meeting the BCA caps in the next fiscal year. This report discusses current OMB estimates of foreign affairs accounts sequestration amounts. For background on the current foreign affairs budget, see CRS Report R42621, State, Foreign Operations, and Related Programs: FY2013 Budget and Appropriations. This report will be updated as changes occur.
Author: William I. Bacchus
Publisher: Penn State Press
ISBN: 0271043229
Category : Political Science
Languages : en
Pages : 361
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Book Description
Author: Grant Driessen
Publisher: Createspace Independent Publishing Platform
ISBN: 9781973745907
Category :
Languages : en
Pages : 24
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Book Description
When there is concern with deficit or debt levels, Congress will sometimes implement budget enforcement mechanisms to mandate specific budgetary policies or fiscal outcomes. The Budget Control Act of 2011(BCA; P.L. 112-25), which was signed into law on August 2, 2011, includes several such mechanisms. The BCA as amended has three main components that currently affect the annual budget. One component imposes annual statutory discretionary spending limits for defense and non-defense spending. A second component requires annual reductions to the initial discretionary spending limits triggered by the absence of a deficit reduction agreement from a committee formed by the BCA. Third are annual automatic mandatory spending reductions triggered by the same absence of a deficit reduction agreement. Each of those components is described in further detail in this report. The discretionary spending limits (and annual reductions) are currently scheduled to remain in effect through FY2021, while the mandatory spending reductions are scheduled to remain in effect through FY2025. Congress may modify or repeal any aspect of the BCA procedures, but such changes require the enactment of legislation. Several pieces of legislation have changed the spending limits or enforcement procedures included in the BCA with respect to each year from FY2013 through FY2017. These include the American Taxpayer Relief Act of 2012 (ATRA/P.L. 112-240), the Bipartisan Budget Act of 2013 (BBA 2013/P.L. 113-67, also referred to as the Murray-Ryan agreement), and the Bipartisan Budget Act of 2015 (BBA 2015/P.L. 114-74). Those laws included changes to the discretionary limits imposed by the BCA that increased deficits in each year from FY2013-FY2017. No change has been enacted for FY2018 and beyond, so the discretionary spending limits for FY2018 through FY2021 remain at the level prescribed by the BCA. The discretionary caps in FY2018 are scheduled to be approximately $549 billion for defense activities and $516 billion for nondefense activities This report addresses several frequently asked questions related to the BCA and the annual budget.
Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781985387959
Category :
Languages : en
Pages : 114
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Book Description
Foreign affairs budget : hearing before the Committee on Foreign Relations, United States Senate, One Hundred Eighth Congress, first session, February 6, 2003.
Author: United States. Congress. Senate. Committee on Foreign Relations
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 120
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 0788101013
Category : Budget
Languages : en
Pages : 145
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Book Description
A basic reference document for persons interested in the federal budget-making process. Emphasizes budget terms in addition to relevant economic and accounting terms to help the user appreciate the dynamics of the budget process. Also distinguishes between any differences in budgetary and non-budgetary meanings of terms. Over 300 terms defined. Index. Appendices: overview of the federal budget process, budget functional classification, and more.
Author: Eric M. Radmacher
Publisher:
ISBN: 9781622579143
Category : POLITICAL SCIENCE
Languages : en
Pages : 141
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Book Description
Sequestration is a process of automatic, largely across-the-board spending reductions to meet or enforce certain budget policy goals. In the 1990s, sequestration was used to enforce statutory limits on discretionary spending and a pay-as-you-go (PAYGO) requirement on direct spending and revenue legislation. In general, sequestration entails the permanent cancellation of budgetary resources by a uniform percentage. This book examines the new considerations and potential impacts of budget control and sequestration with a focus on select program exemptions and special rules; the Budget Control Act of 2011; and the potential impact of automatic spending reduction procedures on health reform spending.
Author: Omb
Publisher:
ISBN: 9781077077607
Category :
Languages : en
Pages : 534
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Book Description
The June 2019 OMB Circular No. A-11 provides guidance on preparing the FY 2021 Budget and instructions on budget execution. Released in June 2019, it's printed in two volumes. This is Volume I. Your budget submission to OMB should build on the President's commitment to advance the vision of a Federal Government that spends taxpayer dollars more efficiently and effectively and to provide necessary services in support of key National priorities while reducing deficits. OMB looks forward to working closely with you in the coming months to develop a budget request that supports the President's vision. Most of the changes in this update are technical revisions and clarifications, and the policy requirements are largely unchanged. The summary of changes to the Circular highlights the changes made since last year. This Circular supersedes all previous versions. VOLUME I Part 1-General Information Part 2-Preparation and Submission of Budget Estimates Part 3-Selected Actions Following Transmittal of The Budget Part 4-Instructions on Budget Execution VOLUME II Part 5-Federal Credit Part 6-The Federal Performance Framework for Improving Program and Service Delivery Part7-Appendices Why buy a book you can download for free? We print the paperback book so you don't have to. First you gotta find a good clean (legible) copy and make sure it's the latest version (not always easy). Some documents found on the web are missing some pages or the image quality is so poor, they are difficult to read. If you find a good copy, you could print it using a network printer you share with 100 other people (typically its either out of paper or toner). If it's just a 10-page document, no problem, but if it's 250-pages, you will need to punch 3 holes in all those pages and put it in a 3-ring binder. Takes at least an hour. It's much more cost-effective to just order the bound paperback from Amazon.com This book includes original commentary which is copyright material. Note that government documents are in the public domain. We print these paperbacks as a service so you don't have to. The books are compact, tightly-bound paperback, full-size (8 1/2 by 11 inches), with large text and glossy covers. 4th Watch Publishing Co. is a HUBZONE SDVOSB. https: //usgovpub.com
Author: William G. Dauster
Publisher: William G Dauster
ISBN: 9780160417269
Category : Health & Fitness
Languages : en
Pages : 902
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Book Description
Author: United States. Office of Management and Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 434
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Book Description
