UNBILLED REVENUE is revenue which had been recognized but which had not been billed to the purchaser(s).
DEVOLUTION is the delegation of authority from higher to lower levels.
DISCRETIONARY SPENDING consists of US government expenditures that are set on an annual basis. It is a budget that members of Congress can adjust on a yearly basis. Examples of discretionary spending in the United States:
-Environmental Protection Agency
-Department of Veterans Affairs
When looking to cut costs, lawmakers usually look to trimming discretionary spending. See MANDATORY SPENDING.
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