Budget Legislation
-
Congress enacts appropriations
bill
-
President signs bill into law
-
Law my be into the form of:
General Appropriations bill
Public Works
Supplemental Appropriations
The budget
legislation, second phase of the budget cycle starts with the
submission of
the proposed budget by the President and culminates in the
enacment into
law by Congress and the signing/approval of the General
Appropriations
Act by the President.
The legislative
approves appropriations in the form
of the General
Appropriations
Law (which is the regular form for the national budget),
Public Works
Act (for infrastructure), Supplemental Appropriations
Law
(usuallly
resorted to authorized additional expenditures
if there are
additional
revenues ) , and Automatic Appropriations
(e.g. for debt
service-interest
payments, tax expenditures) |