Defense Procurement: Full Funding Policy -- Background, Issues, and Options for Congress

Description

The full funding policy is a federal budgeting rule imposed on the Department of Defense (DOD) by Congress in the 1950s that requires the entire procurement cost of a weapon or piece of military equipment to be funded in the year in which the item is procured. A principal effect of the full funding policy is to prevent the use of incremental funding, under which the cost of a weapon is divided into two or more annual portions. Opponents believed incremental funding could make the total procurement costs of weapons and equipment more difficult for Congress to understand and track. ... continued below

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O'Rourke, Ronald & Daggett, Stephen July 26, 2006.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 182 times . More information about this report can be viewed below.

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Description

The full funding policy is a federal budgeting rule imposed on the Department of Defense (DOD) by Congress in the 1950s that requires the entire procurement cost of a weapon or piece of military equipment to be funded in the year in which the item is procured. A principal effect of the full funding policy is to prevent the use of incremental funding, under which the cost of a weapon is divided into two or more annual portions. Opponents believed incremental funding could make the total procurement costs of weapons and equipment more difficult for Congress to understand and track. Congress has several options for responding to recent proposals for procuring DOD ships and aircraft with funding mechanisms that do not conform to the full funding policy. These options could have the effect of terminating, modifying, maintaining, or strengthening the full funding policy.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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Creation Date

  • July 26, 2006

Added to The UNT Digital Library

  • Dec. 11, 2008, 8:26 p.m.

Description Last Updated

  • Jan. 25, 2017, 3:28 p.m.

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O'Rourke, Ronald & Daggett, Stephen. Defense Procurement: Full Funding Policy -- Background, Issues, and Options for Congress, report, July 26, 2006; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs10463/: accessed April 30, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.