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National Budget Vocab

Across
The amount by which revenue exceeds outlays.
An act of Congress that enables federal agencies to spend money for specific purposes
The difference produced when spending exceeds revenues in a fiscal year.
Legislation used by Congress to fund government if appropriations have not been signed into law by the beginning of the fiscal year.
A program that legally obligated the federal government to make payments to any person who meets the legal criteria for eligibility.
Assists the President in the development and implementation of the federal budget.
The total amount of money borrowed over the years, but not repaid.
Annual framework within which Congress makes its decisions about spending and taxes.
Down
The governments accounting year.
The standard measurement of the size of the economy.
The collections that result from the government activity, such as taxes.
Occurs when total revenues equal total outlays for a fiscal year.
Authorized by permanent law.
Spending cuts that apply to all programs and activities of government agencies.
Limits the amount of money the US can borrow.