Usually means: Funding policy balancing budget, expenditures.
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We found 6 dictionaries that define the word paygo:

General (4 matching dictionaries)
  1. Paygo, paygo: Wordnik
  2. PAYGO: Wiktionary
  3. PAYGO: Dictionary.com
  4. PAYGO: Wikipedia, the Free Encyclopedia

Business (1 matching dictionary)
  1. C-SPAN Congressional Glossary (No longer online)

Miscellaneous (1 matching dictionary)
  1. PAYGO: Acronym Finder

Definitions from Wiktionary (PAYGO)

noun:  (US) Acronym of pay-as-you-go. [(economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.]

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