scorekeeping

English - English

Definition of scorekeeping in English English dictionary: The keeping of score; A procedure used by the Congressional Budget Office for up-to-date tabulations of congressional actions on bills and resolutions that provide new budget authority and outlays or change revenues and the public debt for a fiscal year; The process of calculating the budgetary effects of pending and enacted legislation and assessing their impact on the targets or limits in the budget resolution, as required by the Congressional Budget Act of 1974 The Congressional Budget Office (CBO) produces detailed scorekeeping reports, and the Budget Committees issue summarized versions at least once a month and often more frequently By using these reports and CBO's cost estimates on proposed legislation, members can determine whether approval of a particular amendment or bill would breach the spending ceilings or revenue floor, established by the budget resolution or the allocations of budget resolution amounts made to committees Scorekeeping reports tabulate congressional actions affecting budget authority, receipts, outlays, the surplus or deficit, and the public debt limit CBO derives its scorekeeping estimates from analyses of the president's budget, baseline budget projections, and bill cost estimates; Management accountant's function that involves accumulating data and reporting reliable results to all levels of management

scorekeeping