Deficit reduction (31 - 40 of 59 items)
Budget Issues: Assessing Executive Order 12837 on Reducing Administrative Expenses
AIMD-94-15: Published: Nov 17, 1993. Publicly Released: Nov 17, 1993.
Pursuant to a congressional request, GAO reviewed the implementation of Executive Order 12837, focusing on the: (1) Office of Management and Budget's (OMB) and executive agencies' efforts to develop a definition of administrative expenses; (2) presentation of fiscal year (FY) 1994 administrative expense budgets; and (3) potential budgetary and management implications of the required administrative...
OCG-93-1TR: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
Pursuant to a congressional request, GAO summarized issues concerning the federal budget deficit problem and the factors involved in reducing the deficit.GAO noted that: (1) the 1992 budget deficit totalled $290 billion or 4.9 percent of the gross national product; (2) the actual budget deficit totalled $386 billion, but was partially offset by $90 billion in trust fund surpluses; (3) the trust fu...
AFMD-92-64R: Published: May 18, 1992. Publicly Released: May 18, 1992.
GAO commented on the Office of Management and Budget's (OMB) Circular A-11. GAO noted that several of its ongoing projects could have a bearing on future budget preparation issues addressed in the circular, including projects that: (1) assess the potential value of accrual accounting or cost-based budgeting concepts in budget preparation; (2) re-examine the investment implications of federal progr...
Budget Issues: Compliance Report Required by the Budget Enforcement Act of 1990
AFMD-92-43: Published: Feb 14, 1992. Publicly Released: Feb 14, 1992.
Pursuant to a legislative requirement, GAO reviewed whether Office of Management and Budget (OMB) and Congressional Budget Office (CBO) reports and presidential orders issued during the session of Congress ending January 3, 1992, complied with the Budget Enforcement Act of 1990.GAO found that: (1) CBO and OMB reports substantially complied with the act except for the OMB Within-Session Sequester R...
Budget Reforms Embodied in S. 101, the Honest Budget/Balanced Budget Act
T-AFMD-91-10: Published: Sep 19, 1991. Publicly Released: Sep 19, 1991.
GAO discussed the budget structure proposed in S. 101, the Honest Budget/Balanced Budget Act. GAO noted that: (1) S. 101 specifies that the U.S. budget would be a unified budget composed of a retirement funds budget, an operating budget, and a debt and interest budget; (2) S. 101 redefines the term deficit to be the amount by which the combined outlays of the operating and debt and interest budget...
The Budget for Fiscal Year 1991: Compliance With the Balanced Budget and Emergency Deficit Control Act of 1985
AFMD-91-35: Published: Dec 10, 1990. Publicly Released: Dec 10, 1990.
Pursuant to a legislative requirement, GAO reviewed the President's, the Office of Management and Budget's (OMB), and the Congressional Budget Office's (CBO) compliance with the Balanced Budget and Emergency Deficit Control Act of 1985 requirements to control discretionary spending for the defense, international, and domestic categories.GAO found that: (1) CBO and OMB reported that the internation...
Testimony on H.R. 3929 and Other Budgetary Matters
T-AFMD-90-20: Published: Apr 19, 1990. Publicly Released: Apr 19, 1990.
GAO discussed proposed legislation that would repeal the Balanced Budget and Emergency Deficit Control Act of 1985 and substitute a new deficit reduction approach that would require annual recalculation of new deficit targets under a pay-as-you-go formula. GAO noted that the: (1) current budget structure does not accurately present investments, costs, and surpluses for effective resolution of budg...
The Question of Rolling Back the Payroll Tax: Unmasking the Deficit Illusion
T-HRD-90-10: Published: Feb 5, 1990. Publicly Released: Feb 5, 1990.
GAO discussed a congressional proposal to decrease the Social Security payroll tax. GAO noted that: (1) the use of Social Security surpluses to decrease the federal budget deficit masks the fundamental budget deficit problem and encourages avoidance of difficult fiscal choices needed to reduce the general fund deficit; (2) the congressional proposal would not decrease Social Security benefits; (3)...
Deficit Reductions for Fiscal Year 1990: Compliance With the Omnibus Budget Reconciliation Act of 1989
AFMD-90-49: Published: Jan 26, 1990. Publicly Released: Jan 26, 1990.
Pursuant to a legislative requirement, GAO reviewed the President's and the Office of Management and Budget's (OMB) compliance with the Omnibus Budget Reconciliation Act of 1989 requirements to reduce budgetary resources sufficiently to bring the estimated deficit down to the target level.GAO found that: (1) OMB issued revised sequester calculations that established across-the-board reductions of...
Budget Issues: The President's Budget Submission
AFMD-90-35: Published: Oct 27, 1989. Publicly Released: Nov 27, 1989.
Pursuant to a congressional request, GAO analyzed the President's budget submission, focusing on the: (1) customary budget documents and related material, level of budget detail usually available to Congress, and historical pattern of various budget documents; (2) budgetary requirements for the President under existing law; and (3) budget material and level of detail that Congress and GAO need to...