Cost control (1 - 10 of 56 items)
The Federal Government's Long-Term Fiscal Outlook: Fall 2012 Update
GAO-13-148SP: Published: Dec 3, 2012. Publicly Released: Dec 3, 2012.
GAO's simulations continue to illustrate that the federal government is on an unsustainable long-term fiscal path. In both the Baseline Extended and Alternative simulations, debt held by the public grows as a share of gross domestic product (GDP) over the long term. While the timing and pace of growth varies depending on the assumptions used, neither set of assumptions achieves a sustainable path...
The Federal Government's Long-Term Fiscal Outlook: Fall 2011 Update
GAO-12-28SP: Published: Oct 24, 2011. Publicly Released: Oct 24, 2011.
Since 1992, GAO has published long-term fiscal simulations showing federal deficits and debt under different sets of assumptions. GAO developed its long-term model in response to a bipartisan request from members of Congress concerned about the long-term effects of fiscal policy. GAO's simulations provide context for consideration of policy options. They are not intended to suggest particular poli...
The Federal Government's Long-Term Fiscal Outlook: Fall 2010 Update
GAO-11-201SP: Published: Nov 15, 2010. Publicly Released: Nov 15, 2010.
Since 1992, GAO has published long-term fiscal simulations showing federal deficits and debt levels under both "Baseline Extended" and an "Alternative" set of assumptions. GAO has regularly updated these twice a year. GAO developed its long-term model in response to a bipartisan request from Members of Congress concerned about the long-term effects of fiscal policy. GAO's simulations provide a bro...
Contract Management: Extent of Federal Spending under Cost-Reimbursement Contracts Unclear and Key Controls Not Always Used
GAO-09-921: Published: Sep 30, 2009. Publicly Released: Oct 30, 2009.
Federal agencies obligate billions of dollars annually using cost-reimbursement contracts. This type of contract involves high risk for the government because of the potential for cost escalation and because the government pays a contractor's costs of performance regardless of whether the work is completed. As such, cost-reimbursement contracts are suitable only when the cost of the work to be don...
Debt Management: Treasury's Cash Management Challenges and Timing of Payments to Medicare Private Plans
GAO-09-118: Published: Jan 30, 2009. Publicly Released: Mar 2, 2009.
A timing difference between cash in- and outflows poses challenges for the Department of the Treasury. Increased volatility of monthly cash flows may lead to unexpected short-term debt issuance and hence increased borrowing. While Social Security payments made at the start of the month will diminish gradually in coming years, start-of month payments to Medicare plan sponsors for Medicare Advantage...
Secure Border Initiative Fence Construction Costs
GAO-09-244R: Published: Jan 29, 2009. Publicly Released: Jan 29, 2009.
Much of the United States' 6,000 miles of international borders with Canada and Mexico remains vulnerable to illegal entry of aliens, criminals, and cargo. The Department of Homeland Security (DHS) apprehends hundreds of thousands of people and seizes large volumes of cargo entering the country illegally each year; however, several hundreds of thousands of individuals and an unknown volume of cont...
Credit and Debit Cards: Federal Entities Are Taking Actions to Limit Their Interchange Fees, but Additional Revenue Collection Cost Savings May Exist
GAO-08-558: Published: May 15, 2008. Publicly Released: May 15, 2008.
Federal entities--agencies, corporations, and others--are growing users of credit and debit cards, as both "merchants" (receiving payments) and purchasers. Merchants accepting cards incur fees--called merchant discount fees--paid to banks to process the transactions. For Visa and MasterCard transactions, a large portion of these fees-- referred to as interchange--goes to the card-issuing banks. So...
Federal Compensation Programs: Perspectives on Four Programs for Individuals Injured by Exposure to Harmful Substances
GAO-08-628T: Published: Apr 1, 2008. Publicly Released: Apr 1, 2008.
The U.S. federal government has played an ever-increasing role in providing benefits to individuals injured as a result of exposure to harmful substances. Over the years, it has established several key compensation programs, including the Black Lung Program, the Vaccine Injury Compensation Program (VICP), the Radiation Exposure Compensation Program (RECP), and the Energy Employees Occupational Ill...
Chemical Demilitarization: Additional Management Actions Needed to Meet Key Performance Goals of DOD's Chemical Demilitarization Program
GAO-08-134: Published: Dec 6, 2007. Publicly Released: Jan 15, 2008.
Destruction of the nation's remaining stockpile of chemical weapons in a safe, efficient, and timely manner is essential to meet Chemical Weapons Convention treaty obligations and to reduce the risk of a potential catastrophic event. The Department of Defense (DOD) established the Chemical Demilitarization Program to manage the destruction of the remaining stockpile. GAO was asked to evaluate the...
Military Base Realignments and Closures: Estimated Costs Have Increased and Estimated Savings Have Decreased
GAO-08-341T: Published: Dec 12, 2007. Publicly Released: Dec 12, 2007.
The Department of Defense (DOD) is currently implementing recommendations from the 2005 Base Realignment and Closure (BRAC) round, which is the fifth round undertaken by DOD since 1988. The 2005 round is, by GAO's assessment, the biggest, most complex, and costliest BRAC round ever, in part because, unlike previous rounds, the Secretary of Defense viewed the 2005 round as an opportunity not only t...