Machine-readable data on differences between U.S. government net operating costs and the budget deficit due to using accrual vs. cash accounting methods.
The Financial Report of the U.S. Government: Reconciliations of Net Operating Cost and Budget Deficit dataset covers the reconciliation of the results of operations (net operating cost) on the Statements of Operations and Changes in Net Position to the budget deficit. Receipts and outlays in the budget are measured primarily on a cash basis and differ from the accrual basis of accounting used in the Financial Report. The premise of the reconciliation is that the accrual and budgetary accounting basis share transaction data. These statements begin with net operating cost and report activities where the basis of accounting for the components of net operating cost and the budget deficit differ, as well as adjustments to beginning net position and other reconciling items. This dataset includes the restatements included with each annual statement that enable users to connect previous year ending balances with current year starting balances.