National budget

“ The National Assembly shall have the power to alter budget items, but shall not authorize measures leading to a decrease in public revenues or to expenses exceeding the estimated revenue amounts in the budget bill.
In submitting the multiyear budget framework, the special indebtedness law and the annual budget, the National Executive Branch shall explicitly state the long term objectives of fiscal Policy and explain how these objectives are to be achieved, in accordance with principles of responsibility and a fiscal balance. ”

“ When it is completed, the foundation will be laid for a businesslike national budget, and for such a just comparison of the economy and efficiency with which the several bureaus and divisions are conducted as will enable the President and the heads of Departments to detect waste, eliminate duplication, encourage the intelligent and effective civil servants whose efforts too often go unnoticed, and secure the public service at the lowest possible cost. ”

“ The principle of comprehensiveness requires that the budget cover all government agencies and
institutions undertaking government operations, so that the budget presents a consolidated and
complete view of these operations and is voted on, as a whole, by the body vested with national
legislative authority.
The principle of unity requires that all government resources be directed to a common pool to be
allocated and used for public expenditure according to the priorities of the government. ”

“ The body having national legislative authority has the right to reallocate proposed
spending and to reduce the total amounts in the federal budget. It also has the right to
propose an increase in the overall amount of expenditures to the Council of Ministers
if necessary, and provide notice of this proposal to the Minister of Finance. ”

“ The budget resolution finally agreed to by the Congress this week represents a good-faith beginning to tackle the deficit the right way-by reducing what government can spend, rather than simply taking more of what you earn so government can keep spending levels high. But when Congress votes on the various spending bills this fall, we will review each one line by line to be sure they don't contain excessive spending levels or might jeopardize our national security. ”

“ Nevertheless, a new Administration must of necessity build on the spending and revenue estimates already submitted. Within that framework, barring the development of urgent national defense needs or a worsening of the economy, it is my current intention to advocate a program of expenditures which, including revenues from a stimulation of the economy, will not of and by themselves unbalance the earlier Budget.
However, we will do what must be done. For our national household is cluttered with unfinished and neglected tasks. Our cities are being engulfed in squalor. ”

“ The Figures of the National Budget—A Large Increase in Revenue and a Larger in Expenditure—Comparisons with Last Year and with the Estimates—The Proportions borne by Taxation still too Low—The Folly of our Policy of Incessant Borrowing—Its Injustice to the Fighting Men. ”

“ Tonight I would like just briefly to explain some of my major recommendations in the three main areas of national need.
1. A GROWING ECONOMY
BASIC POLICIES
First, we must keep our Nation prosperous. We seek full employment opportunity for every American citizen. I will present a budget designed to move the economy forward. More money will be left in the hands of the consumer by a substantial cut in excise taxes. We will continue along the path toward a balanced budget in a balanced economy. ”

“ Finally, since all the practical work in the domain of national and financial economy cannot and should not proceed otherwise than in accordance with a strictly defined plan, it is the function of the financial administration to create and compile the state budget in such a manner that it might approximate as closely as possible the budget of the entire national economic life. ”

“ Members of Congress, passage of Gramm-Rudman-Hollings gives us an historic opportunity to achieve what has eluded our national leadership for decades: forcing the Federal Government to live within its means. Your schedule now requires that the budget resolution be passed by April 15th, the very day America's families have to foot the bill for the budgets that you produce. How often we read of a husband and wife both working, struggling from paycheck to paycheck to raise a family, meet a mortgage, pay their taxes and bills. And yet some in Congress say taxes must be raised. ”

“ In short, we have delivered a 21st century budget that prepares for the future and lives up to our values. It also continues to pay down our national debt, because we walked away from that big $792 billion tax cut that the Congress passed and I vetoed. ”

“ Work closely with the Ministry of Finance and the Central Bank of Iraq to
ensure that assistance from the international financial institutions is
allocated consistently with the national budget, and in a manner that
supports the integration of capital improvements and operating
requirements into a unified national budget as soon as practicable ”

“ When a sub-project implemented under this Act is still included in the special budget proposal in the next year, a report on its implementation performance in the past year shall also be submitted. Article 9 All agencies implementing the special budget under this Act shall do so in accordance with the budget implementation procedure; any part of the budget that is not implemented shall be returned to the national treasury as stipulated by the Budget Act, and may not be diverted to other use. ”

“ During the 1970's, the share of our national income devoted to this domestic spending increased by more than 60 percent, from 10 cents out of every dollar produced by the American people to 16 cents. In spite of all our economies and efficiencies, and without adding any new programs, basic, necessary domestic spending provided for in this year's budget will grow to almost a trillion dollars over the next 5 years.
The deficit problem is a clear and present danger to the basic health of our Republic. ”

“ Budgets are now released directly to local govern­ments and budget priorities are now determined in the first instance on the provincial level. An increase of revenue allot­ments and repeal of mandatory contributions by local units to the national government will place more resources at the disposal of the local governments. ”

“ The State shall not recognize any obligations other than those assumed by lawful National Authority organs in accordance with law.
Article 313: The economic and financial management of the State shall be governed by a budget approved annually by law. The National Executive shall submit the draft Budget Act to the National Assembly, at the time prescribed by the organic act. If the Executive Power fails for any reason to submit the budget bill within the time limit established by law, or the bill is rejected, the budget for the current fiscal year shall remain in effect. ”

“ We'll continue to redirect our resources to our two highest budget priorities--a strong national defense to keep America free and at peace and a reliable safety net of social programs for those who have contributed and those who are in need. ”

“ The most serious is the fact that while data for the finances of the several local governments are frequently missing the distribution of functions and therefore of financial responsibility between the nation and the various subordinate governments differs greatly in the several States. This distribution rests upon constitutional provisions and administrative regulation. In comparing national budgets we find little that is common to all except the expenses of foreign intercourse, national defense, and public-debt charges. ”

“ Reform of the budget process — including the line-item veto and balanced budget amendment — will, together with real restraint on government spending, prevent the federal budget from ever again ravaging the family budget. ”

“ Are our government revenues increasing at a rate which gives hope that within a reasonably short period we shall be able to finance all our ordinary expenditures with current revenues and thereby balance our budget? ”

“ America's prosperity requires restraining the spending appetite of the federal government. I welcome the bipartisan enthusiasm for spending discipline. I will send you a budget that holds the growth of discretionary spending below inflation, makes tax relief permanent, and stays on track to cut the deficit in half by 2009. (Applause.) My budget substantially reduces or eliminates more than 150 government programs that are not getting results, or duplicate current efforts, or do not fulfill essential priorities. The principle here is clear: Taxpayer dollars must be spent wisely, or not at all. ”

“ Government efficiency and economy remain essential to steady progress toward a balanced budget. More than ten billion dollars were cut from the spending program proposed in the budget of January 9, 1953. ”

“ As you know, I have spent the last week in intense discussion with congressional leaders over how to balance the budget in 7 years. It's important to balance the budget to lift the burden of debt from future generations.
In the last 3 years, we've cut our deficit in half, and we need to finish the job. But we have to balance the budget in a way that reflects our most fundamental values: increasing opportunity; asking everyone to assume responsibility; strengthening our families and the economy ”

“ The centerpiece is something aimed at one of our toughest domestic challenges-deficit spending. It's about time we constitutionally mandate the Federal Government to do what every American family must do, and that is balance its budget. ”

“ We must make sure that our economy grows faster than the growth in spending by the Federal Government. In our fiscal year 1986 budget, overall government program spending will be frozen at the current level. ”

“ We can get them done, but only in the context of a realistic, responsible, balanced budget, one that maintains our fiscal discipline and makes the most of this great moment of prosperity. Now, that's a budget that makes sense, one that works for working Americans. ”

“ A government draws the breath of life from its finances, and it must balance its income and expenditures as any other going business concern if it expects to survive. It is my duty, then, to see that the Government of the Commonwealth live within its means and that it stands foursquare on a well balanced budget. ”

“ One area where we are already finding agreement is in our effort to spend the people's money wisely. This week, I announced that I will submit a five-year budget proposal that will balance the federal budget by 2012, while making the tax relief we passed permanent. ”

“ We submitted our budget to Congress, a budget designed to do just what we pledged during the election: tackle the deficits by cutting spending where it's wasteful, where it is not urgent, and where it subsidizes some people at everyone else's expense. ”

“ This Administration has directed constant efforts toward fiscal responsibility. Balanced budgets have been sought when the economy was advancing, and a rigorous evaluation of spending programs has been maintained at all times. Resort to deficit financing in prosperous times could easily erode international confidence in the dollar and contribute to inflation at home. In this belief, I shall submit a balanced budget for fiscal 1962 to the Congress next week. ”

“ That there should be one single authority responsible for the making of all appropriations and that appropriations should be made not independently of each other, but with reference to one single comprehensive plan of expenditure properly related to the nation's income, there can be no doubt I believe the burden of preparing the budget must, in the nature of the case, if the work is to be properly done and responsibility concentrated instead of divided, rest upon the executive. ”

“ But I think the American people can be assured that the President has put forward a plan that will cut in half the budget deficit in four years and, as I said, make those necessary and needed investments. ”

“ We have made great strides in bringing the Federal budget deficit under control. Fiscal restraint has prompted a surge in business investment. We are in the process of implementing a policy that encourages private and public partnerships. ”

“ Every Government frames its own expenditure for each year; every Government has to make its own provision to meet that expenditure. There is a Budget every year, and memorable as the Budget of my right hon. friend may be, far-reaching as is the policy depending upon it, the Finance Bill, after all, is in its character only an annual affair. But the rejection of the Budget by the House of Lords would not be an annual affair. ”

“ The importance of the proposal to eliminate deficit spending can hardly be overstated. For decades Federal spending has been growing virtually out of control. It took 173 years, from the establishment of our government in 1789 to the Kennedy administration in 1962, for the annual budget of the United States to reach $100 billion. ”

“ For every dollar saved in cutting the growth in the Federal budget, we can have an added dollar of Federal tax reduction.
We can achieve a balanced budget by 1979 if we have the courage and the wisdom to continue to reduce the growth of Federal spending.
One test of a healthy economy is a job for every American who wants to work. Government--our kind of government--cannot create that many jobs. But the Federal Government can create conditions and incentives for private business and industry to make more and more jobs. ”