Fiscal policies (41 - 50 of 58 items)
Budget Process: Some Reforms Offer Promise
T-AIMD-94-86: Published: Mar 2, 1994. Publicly Released: Mar 2, 1994.
GAO discussed proposed changes to the budget process, focusing on: (1) biennial budgeting; (2) increasing controls over tax expenditures and direct spending; and (3) requiring gross national product (GNP) budget analysis and fiscal policy reports in the President's budget proposals. GAO noted that: (1) the House members of the Joint Committee on the Organization of Congress have proposed to shift...
Budget Issues: Fiscal Year 1993 Budget Estimates and Actual Results
AIMD-94-68: Published: Feb 4, 1994. Publicly Released: Feb 17, 1994.
Pursuant to a congressional request, GAO compared the Office of Management and Budget's (OMB) original and revised budget estimates with actual fiscal year (FY) 1993 results, focusing on the: (1) reasons for major differences between OMB original estimates and actual FY 1993 results; (2) OMB estimation difficulties; and (3) receipt estimates reported by the Congressional Budget Office (CBO).GAO fo...
Budget Policy: Biennial Budgeting for the Federal Government
T-AIMD-94-4: Published: Oct 7, 1993. Publicly Released: Oct 7, 1993.
GAO discussed the National Performance Review's (NPR) proposals for biennial budgets and appropriations. GAO noted that: (1) under the NPR proposal, the President would submit budget proposals, authorizations, budget resolutions, and appropriations every 2 years; (2) a 2-year budget cycle would be less burdensome and time-consuming and provide more stability to programs; (3) other NPR proposals fo...
Budget Issues: Financial Reporting to Better Support Decision-making
AFMD-93-22: Published: Jun 1, 1993. Publicly Released: Jun 1, 1993.
GAO studied the Department of Veterans Affairs' (VA) use of financial audit reports and accounting data in its budgeting process.GAO found that: (1) agencies are responsible for ensuring that funds are obligated as specified by funding legislation; (2) financial audit reports can provide useful information in budget policy decisions, since agencies report costs on an accrual basis which provides e...
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...
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...
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)...
Budget Issues: Capital Budget Information for the Fiscal Year 1990 Budget Resolution
AFMD-89-66FS: Published: Mar 31, 1989. Publicly Released: May 1, 1989.
In response to a congressional request, GAO provided information on federal capital budgeting.GAO provided a conceptual framework for federal capital budgeting, including a methodology, background information, and capital budgeting terminology for budget legislation...
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...