Unified Budget(redirected from Unified Budgets)
In government accounting, a general term for on-budget and off-budget items. Off-budget items include dedicated spending paid with specially levied taxes. For example, Social Security is an off-budget item because FICA taxes exclusively pay for it. On-budget items include all other mandatory and discretionary spending. Most discussion of the federal budget in the United States refers to the unified budget, unless otherwise stated.