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A budget primer

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Abstract

Fundamental to understanding President Reagan's fiscal 1983 budget proposal, made public yesterday, and what the proposal means for the health of federally funded programs, is to comprehend the budget process itself. A table that outlines the budget process appears below; a short glossary (see box) defines some of the basic budget terms. Next week, Eos will summarize the President's budget proposal. In 2 weeks, Eos will analyze the budget proposal as it affects geophysicists.

Congress, having just received the President's budget proposal, can begin to review it formally under the procedures mandated by the Congressional Budget Act of 1974 (see table). Note, however, that Congress often does not meet its budget deadlines.

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