Default segment that, in most cases, will default as ALL. In Procurement, however, the Budget Year will generally be a fiscal year, allowing for increased flexibility when issuing multiple year purchase orders.
BY) The fiscal years covered by the budget estimate. A budget year spans two calendar years. It begins on October 1 of calendar year one and ends on September 30 of the following calendar year. The federal government uses Budget Year for accounting purposes. (" USAF PPBS Primer", 7th Edition, May 1993) back to the top