Difference between revisions of "Appropriation"
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| − | + | '''Appropriation''' is, in government, the provision of funds (either through an annual appropriations [[act]] or a permanent law) which allow government agencies to spend money for specified purposes. | |
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| + | In the Federal Government, the formal federal spending process consists of two sequential steps: [[authorization]] and then appropriation.<ref>[http://www.senate.gov/reference/glossary_term/appropriation.htm] US Senate Reference</ref> At the state and local levels, the two steps are usually combined when the annual budget is passed as it also serves as the appropriation act; though supplemental appropriations are often made throughout the fiscal year to cover unexpected expenditures. | ||
==See also== | ==See also== | ||
Revision as of 18:33, July 31, 2018
Appropriation is, in government, the provision of funds (either through an annual appropriations act or a permanent law) which allow government agencies to spend money for specified purposes.
In the Federal Government, the formal federal spending process consists of two sequential steps: authorization and then appropriation.[1] At the state and local levels, the two steps are usually combined when the annual budget is passed as it also serves as the appropriation act; though supplemental appropriations are often made throughout the fiscal year to cover unexpected expenditures.