TeachMeFinance.com - explain offsetting receipts
offsetting receipts -- Funds collected by the government that are credited to a receipt
account. Offsetting receipts are accounted for as negative budget authority and outlays; they offset
gross budget authority and outlays for direct spending programs in calculations of total direct spending.
Offsetting receipts generally result from business-like or market-oriented activities with the public
and from intragovernmental transactions. Collections that result from the government's exercise of its
sovereign or governmental powers are ordinarily classified as revenues, but will be classified as
offsetting receipts when the law requires that treatment.