Federal Credit Reform |
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| Authors: | Thomas J. Cuny |
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| Affiliation: | Principal analyst in the Congressional Budget Office. He transferred there in January 1990 after working in the Office of Management and Budget, and its forerunner, the Bureau of the Budget, for twenty-five years. |
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| Abstract: | The Congress has now enacted, and the president has signed, legislation requiring credit reform accounting in the 1992 budget. This article summarizes the state of federal budgeting for credit activities, covering (1) where we are now with regard to budgeting for ciedit, (2) how we got where we are, (3) the major weaknesses of the older approaches and why credit reform is important, and (4) the fundamental elements of the recently enacted credit reform legislation. |
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