Budget and Accounting Act of 1921
GPTKB entity
Statements (57)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
legislation
|
| gptkbp:amends |
gptkb:Budget_and_Accounting_Act_of_1950
|
| gptkbp:appliesTo |
federal government budgeting
|
| gptkbp:createdBy |
gptkb:Bureau_of_the_Budget
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
Government Performance and Results Act of 1993 |
| gptkbp:encourages |
long-term financial planning
|
| gptkbp:established |
budgetary discipline
budgetary control fiscal year alignment financial accountability standards deficit reduction measures budgetary reporting requirements budgetary oversight mechanisms budgetary performance standards budgetary risk management practices President_Warren_G._Harding |
| gptkbp:facilitates |
government financial reporting
|
| https://www.w3.org/2000/01/rdf-schema#label |
Budget and Accounting Act of 1921
|
| gptkbp:impact |
federal agencies
government spending priorities government financial audits government financial transparency government resource management. public sector budgeting practices |
| gptkbp:influencedBy |
Progressive Era reforms
|
| gptkbp:influences |
fiscal policy
government accountability office federal budgetary practices state budgeting processes federal financial accountability standards federal_financial_management_reforms |
| gptkbp:ledTo |
increased accountability in government spending
|
| gptkbp:operates |
gptkb:Office_of_Management_and_Budget
|
| gptkbp:promotes |
transparency in government finances
efficiency in government operations responsible fiscal management stakeholder engagement in budgeting |
| gptkbp:provides |
framework for budget preparation
guidelines for budget formulation |
| gptkbp:purpose |
to establish a federal budget system
|
| gptkbp:relatedTo |
financial management
|
| gptkbp:requires |
performance measurement
budgetary impact assessments annual budget submission compliance with budgetary laws budget execution monitoring budgetary compliance reporting congressional approval of budget public budget hearings |
| gptkbp:significance |
first comprehensive budget law in the U.S.
|
| gptkbp:supports |
resource allocation
economic stability financial sustainability economic forecasting interagency collaboration in budgeting |
| gptkbp:yearEstablished |
1921-06-10
|