National Income Accounts (NIA) Budget was a method of budget presentation used by the executive described in the 1967 President’s Commission on Budget Concepts as “a measure of receipts and expenditures of the Federal Government sector of the national income and product accounts. It includes Federal trust fund transactions, but excludes loans and similar transactions since they consist of the exchange of financial assets or physical assets which are not newly produced and therefore do not contribute to current income.”
Glossary Term