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Spending or revenues excluded from the budget totals by law. Social Security and the Postal Service are “off-budget.”
“Off-budget” spending is excluded from budget caps, sequestration, and “pay-as-you-go” requirements.
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SOURCE: OMB Watch
See all terms in the National Debt Glossary
Frequently Asked Questions: National Debt
- How did the national debt get to be so big?
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