Title 31, Money and FinanceRelease 119-102
§1103 Budget Ceiling
Title 31 › SUBTITLE II — THE BUDGET PROCESS › CHAPTER 11 — THE BUDGET AND FISCAL, BUDGET, AND PROGRAM INFORMATION › § 1103
Summary
Congress says yearly federal spending must not be more than yearly income.
Full Legal Text
Title 31, §1103
Money and Finance, Source: USLM XML via OLRC
Congress reaffirms its commitment that budget outlays of the United States Government for a fiscal year may be not more than the receipts of the Government for that year.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 110331:27.Oct. 10, 1978, Pub. L. 95–435, § 7, 92 Stat. 1053; restated Oct. 7, 1980, Pub. L. 96–389, § 3, 94 Stat. 1553. The word “total” is omitted as surplus. The words “for a fiscal year” are substituted for “beginning with Fiscal Year 1981” because of the restatement and to eliminate executed words. The words “for that year” are added because of the restatement.
Reference
Citations & Metadata
Citation
31 U.S.C. § 1103
Title 31, Money and Finance
Last Updated
Aug 21, 2026
Release point: 119-102