§ 1022d. — President's Budget.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1022d]
TITLE 15--COMMERCE AND TRADE
CHAPTER 21--NATIONAL POLICY ON EMPLOYMENT AND PRODUCTIVITY
Sec. 1022d. President's Budget
(a) Recommendations
The President's Budget shall recommend levels of outlays and
receipts which shall be consistent with the short-term economic goals of
section 1022(a)(2)(A) of this title.
(b) Five-year projections of outlays and receipts
The President's Budget shall provide five-year projections of
outlays and receipts consistent with the medium-term goals of section
1022a(b) of this title.
(c) Inclusion in Economic Report of President; purposeful development of
expenditure and revenue elements; considerations governing
determination of size of President's expenditures and revenue
proposals
The principal elements in the President's Budget shall be set forth
briefly in each Economic Report, toward the end of making clear the
relationship between the President's Budget and the goals and policies
set forth in such Economic Report. Both the expenditure and revenue
elements of the President's Budget shall be developed to promote the
purposes, policies, and goals of the Full Employment and Balanced Growth
Act of 1978 [15 U.S.C. 3101 et seq.]. The size of the President's
expenditure and revenue proposals, and the relationships between such
proposals, shall be determined in a manner which gives consideration to
the needs of the economy and the people in the priority areas set forth
in section 1022c of this title, and the relationship between the
President's expenditure and revenue proposals shall be guided
accordingly.
(Feb. 20, 1946, ch. 33, Sec. 7, as added Pub. L. 95-523, title I,
Sec. 107, Oct. 27, 1978, 92 Stat. 1896.)
References in Text
The Full Employment and Balanced Growth Act of 1978, referred to in
subsec. (c), is Pub. L. 95-523, Oct. 27, 1978, 92 Stat. 1887, as
amended, which is classified principally to chapter 58 (Sec. 3101 et
seq.) of this title. For complete classification of this Act to the
Code, see Short Title note set out under section 3101 of this title and
Tables.
