The amount of budget authority and outlays for a fiscal year usually differ because the government can incur obligations for future years.
The term "appropriations" refers to budget authority to incur obligations and to make payments from the Treasury for specified purposes.
Let us say that I have incurred obligations that want settling.
In some way he had aheady incurred obligations to the beagle, even though she seemed to be using him for her own ends.
Governments have also bailed out a variety of firms as discussed above, incurring large financial obligations.
The restaurant also incurred obligations from its preeminence.
If there is no money in our account at the close of our fiscal year can we avoid incurring either Federal or state tax obligations?
Hence you are incurring obligations you need not incur.
Several months of quietly servicing its debt of $130 billion without incurring new obligations might lure foreign investors back.
"Well, you certainly can't expect to borrow that much money from someone without incurring certain obligations, can you?"
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