Budget and Accounting Act of 1921
GPTKB entity
Statements (65)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:affects |
federal agencies
federal financial management federal budgetary practices taxpayer accountability government accountability office operations |
| gptkbp:amended_by |
gptkb:Budget_and_Accounting_Act_of_1950
|
| gptkbp:created |
framework for budget execution
|
| gptkbp:date_enacted |
1921-06-10
|
| gptkbp:enacted_by |
gptkb:United_States_Congress
|
| gptkbp:encourages |
long-term financial planning
efficiency in government operations cost-benefit analysis in budgeting public participation in budget processes strategic budgeting initiatives |
| gptkbp:established |
gptkb:General_Accounting_Office
annual budget submission to Congress fiscal year alignment with the calendar year |
| gptkbp:establishes |
budgetary priorities
budgetary control systems budgetary reporting standards criteria for budgetary compliance criteria for budgetary decisions framework for budgetary accountability. |
| gptkbp:facilitates |
resource allocation
financial accountability congressional oversight of federal spending government resource management |
| gptkbp:goal |
improve financial management in the federal government
|
| https://www.w3.org/2000/01/rdf-schema#label |
Budget and Accounting Act of 1921
|
| gptkbp:impact |
increased accountability in federal spending
|
| gptkbp:influenced |
subsequent budgetary legislation
|
| gptkbp:influenced_by |
Progressive Era reforms
|
| gptkbp:influences |
public finance policy
budgetary policy debates government financial reporting standards state budgeting practices |
| gptkbp:is_implemented_in |
gptkb:Office_of_Management_and_Budget
|
| gptkbp:led_to |
modern federal budgeting practices
|
| gptkbp:mandates |
budgetary control measures
|
| gptkbp:promotes |
transparency in government finances
stakeholder engagement in budgeting |
| gptkbp:provides |
tools for financial analysis
guidelines for budget preparation framework for budget execution oversight framework for budgetary reform guidelines for fiscal policy development |
| gptkbp:purpose |
to establish a federal budget system
|
| gptkbp:related_to |
federal budget process
|
| gptkbp:repealed_by |
gptkb:Federal_Managers_Financial_Integrity_Act_of_1982
|
| gptkbp:requires |
annual financial audits
budget estimates from federal agencies budgetary impact assessments comprehensive financial reporting budget justification documents performance measurement in budgeting presidential budget proposal |
| gptkbp:significance |
created the Bureau of the Budget
|
| gptkbp:supports |
economic stability
financial sustainability fiscal responsibility economic forecasting intergovernmental fiscal relations |
| gptkbp:bfsParent |
gptkb:Warren_Harding
|
| gptkbp:bfsLayer |
3
|