{ "item_title" : "Budget Object Classification", "item_author" : [" U. S. Government Accountability Office ( "], "item_description" : "Pursuant to a congressional request, GAO provided information on budget object classifications, focusing on: (1) their origins, development, and use; (2) present historical trend data; and (3) actual and proposed uses of object class data to reduce federal administrative expenses. GAO found that: (1) budget object classification defines budget outlays by the personal and contractual services obtained, capital assets acquired, and other charges and payments made by the government; (2) object classes do not give precise information about services or equipment purchases, since an outlay could properly be recorded in any one of several classes; (3) object classification grew out of a voucher-based accounting system in an effort to control executive branch spending; (4) as the federal budget became more complex, object classification gave way to performance-based budgeting and became a supplementary means to provide budget information; (5) during fiscal years 1972 through 1993, object classes mirrored other budget trends such as interest costs and transfer payments which represented an increased share of the budget; (6) in 1993, the Administration and Congress sought to reduce administrative costs by reducing obligations for certain administrative object classes, but the object classes did not distinguish between administrative and program costs; and (7) the object classes targeted for reduction have experienced very low or negative annual growth rates since 1976.", "item_img_path" : "https://covers1.booksamillion.com/covers/bam/1/28/716/755/1287167551_b.jpg", "price_data" : { "retail_price" : "17.75", "online_price" : "17.75", "our_price" : "17.75", "club_price" : "17.75", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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