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 procurem…
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Date:
July 26, 2006
Creator:
O'Rourke, Ronald & Daggett, Stephen
Item Type:
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Partner:
UNT Libraries Government Documents Department