| 
<<Previous Page Next Page>>
Free Content
|
Outlay
Outlay
The measure of government spending for budget purposes. Payments to liquidate Obligations (other than the repayment of debt). Except where outlay figures are labeled as gross, they are stated net of any related refunds and offsetting collections. Outlays generally are equal to cash Disbursements, but they are also recorded for cash-equivalent transactions, such as the subsidy cost of direct loans and loan guarantees, and interest accrued on public issues of the public debt. (JFMIP Core; A-11, Section 14.1, p. 35) (Note that, although not technically correct, the terms 'expenditures' and 'net disbursements' are sometimes used interchangeably with 'outlays') According to GAO, outlays are the issuance of checks, disbursement of cash, or electronic transfer of funds made to liquidate a federal obligation. Outlays also occur when interest on the Treasury debt held by the public accrues and when the government issues bonds, notes, debentures, monetary credits, or other cash-equivalent instruments in order to liquidate obligations. Outlays are stated both gross and net of offsetting collections. (GAO) HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97
free web content
Index:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
V
W
Y
|
|
