GAO Glossary of Terms Used in the Federal Budget Process 

Asset Sale

The sale of a physical or financial asset owned in whole or in part by the federal government to the public. Asset sales are typically large-dollar transactions ($50 million or more) for which advance notification must be provided to the

Department of the Treasury. Revenue from the sale of assets is accounted for in the budget as offsetting receipts or collections.

In general, asset sales increase current cash payments received by the government at the expense of a stream of future income that the government would otherwise receive. (See also Direct Loan under Federal Credit.)

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