Budget deficit (61 - 70 of 83 items)
The Budgetary Treatment of the Proposed Resolution Funding Corporation
T-AFMD-89-8: Published: May 19, 1989. Publicly Released: May 19, 1989.
GAO discussed whether the financing to resolve the current crisis in the savings and loan industry should be on- or off-budget. GAO found that: (1) H.R. 1278 would establish an off-budget, government-sponsored enterprise (GSE), the Resolution Funding Corporation (REFCORP), to raise funds for a new on-budget federal corporation, the Resolution Trust Corporation (RTC); (2) REFCORP would borrow $50 m...
Budget Issues: Budgetary Treatment of Federal Credit Programs
AFMD-89-42: Published: Apr 10, 1989. Publicly Released: Apr 10, 1989.
Pursuant to a congressional request, GAO reviewed its proposal for improving budgeting practices for federal credit programs, focusing on how: (1) it would calculate credit program subsidy costs; and (2) its subsidy estimates would affect the government's reported budget authority, outlay, and deficit totals. GAO also reviewed other proposals by the Senate Budget Committee, the Congressional Budge...
Budget Issues: Capital Budgeting for the Federal Government
AFMD-88-44: Published: Jul 1, 1988. Publicly Released: Jul 1, 1988.
This exposure draft sets forth a conceptual framework for restructuring the current unified budget to include an operating and a capital component within the budget. The restructured budget would identify the revenues, investments, and capital financing needs for capital investments and would clearly distinguish them from current operating amounts and deficits. GAO also proposes that Congress amen...
The Budget Crisis: Hard Choices in the Real World
138233: May 1, 1988
GAO presented information on the component factors of the federal budget deficit and choices necessary to achieve a balanced budget...
Capital Budgeting for the Federal Government
T-AFMD-88-3: Published: Dec 8, 1987. Publicly Released: Dec 8, 1987.
GAO: (1) discussed the usefulness of the capital budgeting concept in federal budgetary decisionmaking; and (2) explained its capital budgeting proposal approach for improving the budget structure. GAO noted that, although the federal government's use of a unified cash-based budget provides a comprehensive report of its cash receipts and outlays, it does not systematically distinguish between capi...
Federal Government Credit Activities and How They Relate to Loan Sales
T-AFMD-88-2: Published: Nov 10, 1987. Publicly Released: Nov 10, 1987.
GAO discussed the federal government's plan to privatize its credit programs through the sale of its loan assets to generate budgetary receipts. GAO found that: (1) the proposed sale would not reduce the budget deficit, because it would simply shift revenues from future years to the year of sale; (2) the federal government would benefit more from future loan repayments than from the estimated proc...
The Export-Import Bank of the U.S.: Financial Condition and Budget Issues
T-AFMD-87-15: Published: May 21, 1987. Publicly Released: May 21, 1987.
GAO discussed issues relating to the financial condition of the Export-Import Bank of the United States (Eximbank). GAO has expressed an adverse opinion on the Eximbank annual financial statements every year since 1983, because it believes that the statements do not reflect losses that are likely to occur because of the probable uncollectibility of a significant number of loans. GAO noted that: (1...
The Government's Loan Asset Sales Pilot Program
T-AFMD-87-6: Published: Mar 10, 1987. Publicly Released: Mar 10, 1987.
GAO testified on the administration's current pilot sale of existing federal loan assets under the Office of Management and Budget's (OMB) guidelines and fiscal year (FY) 1988 sales plans. GAO found that: (1) the provisions relating to the sale of loan assets in the Budget Reconciliation Act of 1987 and the President's FY 1988 budget request have shifted the emphasis of loan sales from a credit re...
Fiscal Year 1988 Budget Estimates for the General Accounting Office
T-OCG-87-3: Published: Mar 5, 1987. Publicly Released: Mar 5, 1987.
GAO testified on its fiscal year (FY) 1988 budget request and highlighted its work on special issues during 1986. GAO requested $379.5 million to fund 5,200 average positions, which was $67.1 million greater than its FY 1987 request. Forty-seven percent of this increase represented mandatory pay and related costs associated with existing service levels and increases in personnel to achieve require...
[The Budget Crisis: Finding a Workable Solution]
132229: Feb 17, 1987
GAO discussed the federal government's huge budget deficit and the need to revamp the entire budget process to bring the deficit under control. GAO noted that: (1) since 1983, the deficit has hovered around $200 billion and in 1986, it rose to $221 billion; (2) in the early 1970's, new program benefits, rapid inflation, and increasing payroll taxes combined with increased defense spending to creat...