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The Budget Enforcement Act of 1990: The Path to No Fault Budgeting
Author(s) -
Doyle Richard,
McCaffery Jerry
Publication year - 1991
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.00892
Subject(s) - revenue , allowance (engineering) , enforcement , federal budget , legislation , budget process , deficit spending , economics , business , public economics , fiscal year , finance , economic policy , politics , operations management , political science , law , debt
The Budget Enforcement Act of 1990, included in the controversial and comprehensive budget legislation passed by Congress in October, makes a number of significant changes in federal budgeting. It shifts the focus of the budget process from deficit reduction to spending control, provides five‐year spending totals and mini‐sequesters for defense, international and domestic appropriations, and puts entitlements and revenue expenditures on a pay‐as‐you‐go basis. The Gramm‐Rudman‐Hollings deficit targets have been raised substantially, Social Security surpluses taken out of the deficit calculation and allowance made for further adjustments for inflation, Operation Desert Shield, and other emergency spending, minimizing the prospect for general sequestration. OMB has been given important new estimating authority and the roles of the congressional committees involved in budgeting have been altered.