Word: fiscal
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Dates: during 1970-1979
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...Senate yesterday approved a $546.3 billion budget for fiscal 1980 which may mark a shift in priorities from domestic programs to increased military spending...
...Senate budget, which would boost federal spending by 10.1 per cent over the current fiscal year, contains a three-per-cent defense spending increase. The budget also calls for five-per-cent nonbinding increases in defense spending in fiscal...
...Another $4 billion to $5 billion also could come into the market from Europe, where record amounts of cash have been stuffed into short-term securities. The Europeans are waiting to see if the Carter Administration is serious about defending the dollar and beating back inflation by maintaining tight fiscal and monetary policies...
...reason for this Washington rite of fall is that if an agency does not spend its full appropriation by Sept. 30, the end of the fiscal year, the money remaining is returned to the Treasury. That could give Congress the idea that the agency's appropriation was too large in the first place and lead to a reduction the following year. Says former Treasury Secretary Michael Blumenthal: "More money is wasted in the Federal Government in the last two months of the budget year than in the previous ten months...
During the 1976 presidential campaign, Jimmy Carter singled out the end-of-year spending orgy as one that he, as a sound manager, would stop. So much for good intentions. During the past fiscal year, monthly spending commitments by Government ranged between $39.5 billion and $51.2 billion a month until September, when it leaped to $86.8 billion. For example, Government spending (leaving aside the military) to acquire land and buildings jumped from $307 million in August 1978 to $1 billion in September...