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Budget and Spending (141 - 150 of 4,946 items)
Agency Operations: Agencies Must Continue to Comply with Fiscal Laws Despite the Possibility of Sequestration
GAO-12-675T: Published: Apr 25, 2012. Publicly Released: Apr 25, 2012.
The Budget Control Act of 2011, amending the Balanced Budget and Emergency Deficit Control Act of 1985, establishes limits on discretionary spending for fiscal years 2012 through 2021. In addition, the Act specifies additional limits on discretionary spending and automatic reductions in direct spending because legislation was not enacted that would reduce projected deficits by at least $1.2 trilli...
Defined Contribution Plans: Approaches in Other Countries Offer Beneficial Strategies in Several Areas
GAO-12-328: Published: Mar 22, 2012. Publicly Released: Apr 23, 2012.
In overseeing DC plans and service providers, regulatory agencies in the countries GAO reviewed use risk-based approaches to target practices deemed most likely to harm participants and to develop preventative measures. While the role of service providers varies, DC plans and service providers in the 4 countries GAO reviewed are overseen by multiple agenciesprimarily a pensions regulator and...
Department of Energy: Budget Trends and Oversight
GAO-12-659T: Published: Apr 18, 2012. Publicly Released: Apr 18, 2012.
Recent GAO work found that funding increases have expanded or created Department of Energy (DOE) programs with varying results. For example:Advanced Research Projects Agency-Energy (ARPA-E) awards grants to projects that help develop high-risk energy technologies. Since fiscal year 2009 the program has received $855 million to fund energy projects that industry by itself was not likely to undertak...
State and Local Governments' Fiscal Outlook: April 2012 Update
GAO-12-523SP: Published: Apr 5, 2012. Publicly Released: Apr 5, 2012.
The state and local government sector continues to face near-term and long-term fiscal challenges that grow over time. The fiscal challenges confronting the state and local sector add to the nations overall fiscal challenges. The fiscal situation of the state and local government sector has improved in the past year as the sectors tax receipts have slowly increased in conjunction with...
The Federal Government's Long-Term Fiscal Outlook: Spring 2012 Update
GAO-12-521SP: Published: Apr 2, 2012. Publicly Released: Apr 2, 2012.
Federal deficits and debt have reached historic highs in recent years. Congress has taken action to address the fiscal imbalance, but longer-term challenges remain. The Budget Control Act (BCA) of 2011 limits spending over the next decade and leads to an improved fiscal outlook. The act targets discretionary spending, and under both of GAOs simulations, discretionary spending as a share of t...
VA Health Care: Estimates of Available Budget Resources Compared with Actual Amounts
GAO-12-383R: Published: Mar 30, 2012. Publicly Released: Mar 30, 2012.
VA estimates the amount of collections and reimbursements it expects to receive each year by using a projection model and other methods. These estimates have varied when compared with actual amounts for various reasons. VA used a projection model to estimate its collections for fiscal years 2005 through 2012 based on data reflecting the amount of health careknown as workloadVA has prov...
Internal Revenue Service: Interim Results of 2012 Tax Filing Season and Summary of the Fiscal Year 2013 Budget Request
GAO-12-566: Published: Mar 20, 2012. Publicly Released: Mar 22, 2012.
In summary, so far this filing season, IRSexperienced an increase in total call volume (mostly for automated calls about taxpayer's refunds), and a reduction in IRS's level of service resulted in wait times of about 17 minutes;has processed almost 68 million returns, and electronic filing continues to increase; andexperienced problems, since resolved, that delayed refunds for about a week for mill...
Debt Management: Buybacks Can Enhance Treasury's Capacity to Manage under Changing Market Conditions [Reissued on March 21, 2012]
GAO-12-314: Published: Mar 7, 2012. Publicly Released: Mar 7, 2012.
Debt buybacks can help advance Treasury’s goals under a variety of budget and market conditions. For example, Treasury currently faces rollover peaks—large increases in the amounts of maturing debt that must be refinanced at a given time—which expose Treasury to the risk of refinancing large amounts of debt when interest rates are less favorable. All four of our case study countries use debt...
Fiscal Year 2013 Budget Request: U.S. Government Accountability Office
GAO-12-456T: Published: Mar 15, 2012. Publicly Released: Mar 15, 2012.
This testimony discusses the U.S. Government Accountability Offices (GAO) budget request for fiscal year (FY) 2013. We very much appreciate the confidence Congress has shown in our efforts to help support the Congress in carrying out its constitutional responsibilities and to help improve government performance and accountability for the benefit of the American people.GAO is requesting an ap...
Navy Small Boats: Maintenance Report Addressed Most Directed Elements, but Additional Information Needed
GAO-12-421: Published: Mar 13, 2012. Publicly Released: Mar 13, 2012.
The Navy report addressed four of the five elements specified in House Report 112-78, while partially addressing one of the five elements. The Navy report addressed the potential for reducing maintenance and repair costs for the Navys small boat fleet by using advanced boat lifts, and it addressed recommendations regarding the potential establishment of improved boat corrosion control and pr...