§1022d — Title 15 Commerce and Trade | U.S. Code

Summary

The President must set recommended levels of government spending and income that match the short-term economic goals in section 1022(a)(2)(A). The Budget must also show five-year projections of spending and income that fit the medium-term goals in section 1022a(b). The main parts of the Budget must appear briefly in each Economic Report so people can see how the Budget links to the Report’s goals and policies. Both the spending and income plans must support the Full Employment and Balanced Growth Act of 1978 (15 U.S.C. 3101 et seq.), and their size and balance must consider the economy’s needs and the priority areas in section 1022c.

Title 15, §1022d

Commerce and Trade — Source: USLM XML via OLRC

(a)The President’s Budget shall recommend levels of outlays and receipts which shall be consistent with the short-term economic goals of section 1022(a)(2)(A) of this title.

(b)The President’s Budget shall provide five-year projections of outlays and receipts consistent with the medium-term goals of section 1022a(b) of this title.

(c)The principal elements in the President’s Budget shall be set forth briefly in each Economic Report, toward the end of making clear the relationship between the President’s Budget and the goals and policies set forth in such Economic Report. Both the expenditure and revenue elements of the President’s Budget shall be developed to promote the purposes, policies, and goals of the Full Employment and Balanced Growth Act of 1978 [15 U.S.C. 3101 et seq.]. The size of the President’s expenditure and revenue proposals, and the relationships between such proposals, shall be determined in a manner which gives consideration to the needs of the economy and the people in the priority areas set forth in section 1022c of this title, and the relationship between the President’s expenditure and revenue proposals shall be guided accordingly.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Full Employment and Balanced Growth Act of 1978, referred to in subsec. (c), is Pub. L. 95–523, Oct. 27, 1978, 92 Stat. 1887, which is classified principally to chapter 58 (§ 3101 et seq.) of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 3101 of this title and Tables.

§1022d President’s Budget