The pay-as-you-go (PAYGO) rules in the federal budget process require that new direct spending and revenue legislation be deficit neutral. The net effect of all such legislation enacted during a session must not cause a net increase in the budget deficit (or a net decrease in the budget surplus). If direct spending or revenue legislation causes an increase in the deficit, it must be offset by an equivalent amount of direct spending reductions, revenue increases, or a combination of both.
Serving as both a federal and a state depository library, the UNT Libraries Government Documents Department maintains millions of items in a variety of formats. The department is a member of the FDLP Content Partnerships Program and an Affiliated Archive of the National Archives.
Descriptive information to help identify this report.
Follow the links below to find similar items on the Digital Library.
Description
The pay-as-you-go (PAYGO) rules in the federal budget process require that new direct spending and revenue legislation be deficit neutral. The net effect of all such legislation enacted during a session must not cause a net increase in the budget deficit (or a net decrease in the budget surplus). If direct spending or revenue legislation causes an increase in the deficit, it must be offset by an equivalent amount of direct spending reductions, revenue increases, or a combination of both.
This report is part of the following collection of related materials.
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-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.
Heniff, Bill, Jr.Pay-As-You-Go Rules in the Federal Budget Process,
report,
February 15, 1999;
Washington D.C..
(https://digital.library.unt.edu/ark:/67531/metacrs877/:
accessed June 9, 2023),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting UNT Libraries Government Documents Department.