Fiscal policies (31 - 40 of 58 items)
Deficit Reduction: Opportunities to Address Long-Standing Government Performance Issues
T-OCG-95-6: Published: Sep 13, 1995. Publicly Released: Sep 13, 1995.
GAO discussed the need to reduce the federal budget deficit. GAO noted that: (1) the government must continue to focus on reducing and eliminating the deficit, so future generations will not face a declining standard of living; (2) budget cuts should be targeted to programs and operations that have proven to be ineffective in achieving their goals; (3) the growing areas of the federal budget, such...
Budget Process: History and Future Directions
T-AIMD-95-214: Published: Jul 13, 1995. Publicly Released: Jul 13, 1995.
Pursuant to a congressional request, GAO discussed the budget process, focusing on: (1) the objectives of the Congressional Budget and Impoundment Act of 1974 that are relevant in today's fiscal environment; and (2) whether the budget process should be redesigned. GAO noted that: (1) the act sought to create a congressional budget as a counterpoint to the President's budget, where Congress could o...
Budget Issues: Fiscal Year 1994 Budget Estimates and Actual Results
AIMD-95-109: Published: Apr 5, 1995. Publicly Released: Apr 5, 1995.
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) 1994 results, focusing on the reasons for major differences between OMB estimates and actual FY 1994 results.GAO found that: (1) the FY 1994 budget deficit was $60.9 billion lower than OMB estimated, mainly as a result of better-than-expec...
Addressing the Deficit: Budgetary Implications of Selected GAO Work for Fiscal Year 1996
OCG-95-2: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
GAO provided information on new options for spending reductions and revenue gains that stemmed from key findings and issues developed in GAO work, focusing on the: (1) analytical framework for considering individual options; and (2) estimates of the budgetary savings or revenue gains of each option, where available.GAO found that: (1) although some spending options reflect GAO recommendations, mos...
Budget Reconciliation: Issues Concerning the 1990 Reconciliation Act
AIMD-95-3: Published: Oct 7, 1994. Publicly Released: Oct 7, 1994.
Pursuant to a congressional request, GAO reviewed how the budget reconciliation process affects deficit reduction, focusing on: (1) the disparity between projected and actual deficit reductions; (2) whether the 38 individual Omnibus Budget Reconciliation Act (OBRA) provisions achieved their goals in reducing the deficit; and (3) whether the Congressional Budget Office (CBO) and other agencies met...
Defense Conversion: Status of DOD Funding and Spending
NSIAD-94-218BR: Published: Jun 30, 1994. Publicly Released: Aug 1, 1994.
Pursuant to a congressional request, GAO reviewed fiscal year (FY) 1993 and FY 1994 funding and spending for Department of Defense (DOD) programs designed to address the economic challenges to communities as a result of reduced defense spending.GAO found that: (1) in FY 1993 DOD committed or obligated about $2.7 billion of the approximately $3.2 billion authorized and appropriated for 57 defense c...
Budget Policy: Issues in Capping Mandatory Spending
AIMD-94-155: Published: Jul 18, 1994. Publicly Released: Jul 18, 1994.
Pursuant to a congressional request, GAO reviewed whether the implementation of a budgetary cap on mandatory spending is a practical way to control the growth of mandatory programs.GAO found that: (1) although a spending cap on mandatory programs would achieve savings, a cap would have little effect on long-term growth trends in these programs; (2) mandatory program spending is based on eligibilit...
Budget Process: Biennial Budgeting for the Federal Government
T-AIMD-94-112: Published: Apr 28, 1994. Publicly Released: Apr 28, 1994.
GAO discussed proposed legislation that would change the budget process from an annual to a biennial cycle. GAO noted that: (1) the proposed legislation would shift the entire budget cycle from annual to biennial, but shifting the entire cycle of authorizations, budget resolutions, and appropriations may not be necessary; (2) multiyear authorizations help both Congress and the executive branch by...
Budget Issues: GDP Analysis Broadens Budget Debate
AIMD-94-41: Published: Apr 27, 1994. Publicly Released: Apr 27, 1994.
Pursuant to a congressional request, GAO provided information on using the concept of gross domestic product (GDP) budgeting and international comparisons to broaden the national budgeting debate.GAO found that: (1) the United States can broaden the budget debate and improve its fiscal priorities by examining U.S. economic data in the GDP budgeting context and using international comparisons; (2)...
Addressing the Deficit: Budgetary Implications of Selected GAO Work
OCG-94-3: Published: Mar 11, 1994. Publicly Released: Mar 11, 1994.
GAO provided budgetary implications of selected work, focusing on: (1) a framework for deficit reduction; and (2) options available to Congress to reduce spending and increase revenues as a result of the findings and issues developed during GAO audits and evaluations.GAO found that: (1) a framework to facilitate deficit reduction may consist of reassessing program objectives, redefining program be...