Budget Cycle
It takes just over three years for a budget to complete a full cycle from development to execution.
Mark M. Lowenthal's Budget Cycle
| Year | Activity | Activity (detail) |
|---|---|---|
| 1 | Planning: Guidance | Broad guidelines of planning, programming, and budgeting are established. |
| 2 | Programming: Request and Review | Program resources are projected for future year requirements for dollar and manpower resources. |
| 3 | Budgeting: Build and Submit | Money or authority available to purchase goods and services or hire people is set. |
| 4 | Execution: Obligate and Spend | Money on authorized programs is committed and spent. |
See The United States Budget Process for more information regarding the budget process and cycle.
Read more about this topic: United States Intelligence Budget
Famous quotes containing the words budget and/or cycle:
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)
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—Oscar Wilde (1854–1900)