Gramm-Rudman-Hollings: Origins and Implementation
Article first published online: 7 AUG 2003
Public Financial Publications, Inc.
Public Budgeting & Finance
Volume 6, Issue 3, pages 4–24, September 1986
How to Cite
Havens, H. S. (1986), Gramm-Rudman-Hollings: Origins and Implementation. Public Budgeting & Finance, 6: 4–24. doi: 10.1111/1540-5850.00716
- Issue published online: 7 AUG 2003
- Article first published online: 7 AUG 2003
- Cited By
On December 11, 1985, Congress passed the Balanced Budget and Emergency Deficit Control Act of 1985. This bill, popularly known as Gramm-Rudman-Hoilings, was signed by the president on December 12.
The act represents a dramatic departure from traditional approaches to budgeting and fiscal policy. The merits of the new approach have been widely debated, and the purpose of this article is not to judge the process, but rather to describe it and to offer one explanation of how it came into existence.