To accomplish or to reach.
Achieve
Legislation that sets spending on particular programs for the coming year.
Appropriations Bill
Any economic feature that works to increase income without additional government action.
Automatic Stabilizer
Annual budget in which expenditures equal revenues.
Balanced Budget
A situation that occurs when a government spends more than it collects in revenue.
Budget Deficit
A situation that occurs when a government collects more revenue than it spends.
Budget Surplus
Money borrowed and not yet paid back.
Debt
Spending for federal programs that must receive approval each year.
Discretionary Spending
A government program that makes payments to people who must meet certain requirements in order to help them meet their health, nutrition, and income needs.
Entitlement Program
To be greater than
Exceed
How the government uses taxes and spending to reach economic goals.
Fiscal Policy
Any 12-month period chosen for keeping accounts.
Fiscal Year
Funds that one level of government receives from another level of government.
Intergovernmental Revenue
Federal spending required by law that continues without the need for annual approvals by congress.
Mandatory Spending
To forecast
Predict
A tax on the value of land and property owned.
Property Tax
To aid or support a person, a business, an institution, or an undertaking with money.
Subsidize
To send a document or a message.
Transmit
A tax on consumers at the time they buy a product or service.
Sales Tax