Measures of the Government Spending Process.

Series on the early stages of the Federal Government spending process--new obligational authority and obligations incurred--can be prepared from available operational statistics. Consideration should be given by the Federal agencies involved to preparing and publishing such series on a regular basis. Such budget information would be useful and complementary additions to the sections on government expenditures in such publications as the Treasury Bulletin, the Economic Indicators, the Federal Reserve Bulletin, and the Survey of Current Business.