Pay-As-You-Go, or PAYGO, is a term that refers to requirements in the BEA that result in a sequester if the estimated combined result of legislation affecting direct spending or receipts is an increase in the deficit for a fiscal year.
Pay-As-You-Go, or PAYGO, is a term that refers to requirements in the BEA that result in a sequester if the estimated combined result of legislation affecting direct spending or receipts is an increase in the deficit for a fiscal year.