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Governments / organizations could improve "use it or lose it" deadline budgeting

By Hicbd
Mon Aug 16 2021 2:33 pm

"The 'use it or lose it' phenomenon refers to the propensity of US government agencies to spend unused financial resources toward the end of the fiscal year. This spending is allegedly driven by fear that leftover resources will be returned to the Department of the Treasury and will prompt future congressional budget cuts for the agency...Recent research suggests that year-end spending surges exist and may facilitate wasteful spending...One idea is to allow agencies limited rollover (also known as carryover) authority for funds not spent by the end of the fiscal year."

URL:
https://www.mercatus.org/publications/government-spending/curbing-wasteful-year-end-federal-government-spending-reforming-0
https://www.insidehighered.com/blogs/confessions-community-college-dean/alternatives-%E2%80%9Cuse-it-or-lose-it%E2%80%9D
https://www.heritage.org/defense/report/changing-current-use-it-or-lose-it-policy-would-result-more-effective-use-defense
https://www.sigar.mil/pdf/testimony/SIGAR-18-46-TY.pdf

URL Credit

Categories:
Government Nonprofits / Civll Society Organizations (CSOs) U.S. Congress / Legislative Branch Public Budgeting Government Debt / Spending / Budgeting Public Administration / Government / Political Science Research U.S. Department of Defense Corporate Finance / Debt / Treasury Higher Education Finance

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