![]() The goal of this is to require those in control of the budget to engage in the diligence of prioritizing expenses and exercising fiscal restraint.Īn important example of such a system is the use of PAYGO in both the statutes of the U.S. Under the PAYGO rules, a new proposal must either be "budget neutral" or offset with savings derived from existing funds. ![]() Not to be confused with pay-as-you-go financing, which is when a government saves up money to fund a specific project. The PAYGO compels new spending or tax changes not to add to the federal debt. PAYGO ( Pay As You GO) is the practice in the United States of financing expenditures with funds that are currently available rather than borrowed.
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