Definition of discretionary spending limits (or caps)

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TeachMeFinance.com - explain discretionary spending limits (or caps)



discretionary spending limits (or caps) -- Ceilings imposed on the amount of budget authority provided in annual appropriation acts and on the outlays that flow from that budget authority. The limits, which are set forth in section 251 of the Deficit Control Act (as amended), currently apply through fiscal year 2002. Separate caps have often been imposed on specific categories of discretionary spending, such as defense, highways, and violent crime reduction. Each discretionary spending limit is enforced through sequestration.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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