{"product_id":"budget-object-classification-origins-and-recent-trends-aimd-94-147-9781287167556","title":"Budget Object Classification: Origins and Recent Trends: AIMD-94-147","description":"\u003cp\u003e • Author(s): U. S. Government Accountability Office (\u003cbr\u003e • Publisher: Bibliogov\u003cbr\u003e • Publisher Imprint: Bibliogov\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003ePursuant to a congressional request, GAO provided information on budget object classifications, focusing on: (1) their origins, development, and use; (2) present historical trend data; and (3) actual and proposed uses of object class data to reduce federal administrative expenses. \u003cbr\u003e \u003cbr\u003e GAO found that: (1) budget object classification defines budget outlays by the personal and contractual services obtained, capital assets acquired, and other charges and payments made by the government; (2) object classes do not give precise information about services or equipment purchases, since an outlay could properly be recorded in any one of several classes; (3) object classification grew out of a voucher-based accounting system in an effort to control executive branch spending; (4) as the federal budget became more complex, object classification gave way to performance-based budgeting and became a supplementary means to provide budget information; (5) during fiscal years 1972 through 1993, object classes mirrored other budget trends such as interest costs and transfer payments which represented an increased share of the budget; (6) in 1993, the Administration and Congress sought to reduce administrative costs by reducing obligations for certain administrative object classes, but the object classes did not distinguish between administrative and program costs; and (7) the object classes targeted for reduction have experienced very low or negative annual growth rates since 1976.\u003c\/p\u003e","brand":"Bibliogov","offers":[{"title":"Paperback","offer_id":47597056688279,"sku":"9781287167556","price":1570.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781287167556.webp?v=1774996091","url":"https:\/\/atlanticbooks.com\/products\/budget-object-classification-origins-and-recent-trends-aimd-94-147-9781287167556","provider":"Atlantic Books","version":"1.0","type":"link"}