Difference between revisions of "Appropriation"
Jump to navigation
Jump to search
m |
(add category) |
||
| Line 9: | Line 9: | ||
<references/> | <references/> | ||
[[Category:United States Senate Terms]] | [[Category:United States Senate Terms]] | ||
| + | [[Category:Accounting]] | ||
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.