Future budget projections (71 - 80 of 578 items)
Long-Term Budget Outlook: Saving Our Future Requires Tough Choices Today
GAO-07-342T: Published: Jan 11, 2007. Publicly Released: Jan 11, 2007.
This testimony, given by David M. Walker, Comptroller General of the United States before the Senate Committee on the Budget, addresses the nation's long-term fiscal outlook and the challenge it presents. However, the outlook is not good. Continuing down this current fiscal path would gradually erode, if not suddenly damage, out economy, our standard of living, and ultimately even our domestic tra...
Understanding Similarities and Differences Between Accrual and Cash Deficits
GAO-07-117SP: Published: Dec 1, 2006. Publicly Released: Dec 1, 2006.
Two key measures that have been used as indicators of the government's annual fiscal condition are the unified budget deficit measured primarily on a cash basis and the net operating cost measured on an accrual basis for financial statement purposes. The unified budget deficit has historically been the focus of budget debates and media reports in part because it closely approximates the government...
The Nation's Long-Term Fiscal Outlook: September 2006 Update
GAO-06-1077R: Published: Sep 15, 2006. Publicly Released: Sep 15, 2006.
Since 1992, GAO has published long-term fiscal simulations of what might happen to federal deficits and debt levels under varying policy assumptions. GAO developed its long-term model in response to a bipartisan request from Members of Congress who were concerned about the long-term effects of fiscal policy. In 1992 GAO said: "The federal budget is structurally unbalanced. This will do increasing...
Global War on Terrorism: Observations on Funding, Costs, and Future Commitments
GAO-06-885T: Published: Jul 18, 2006. Publicly Released: Jul 18, 2006.
After the terrorist attacks of September 11, 2001, the President announced a Global War on Terrorism (GWOT), requiring the collective instruments of the entire federal government to counter the threat of terrorism. Ongoing military and diplomatic operations overseas, especially in Iraq and Afghanistan, constitute a key part of GWOT. These operations involve a wide variety of activities such as com...
Budget Process: Better Transparency, Controls, Triggers, and Default Mechanisms Would Help to Address Our Large and Growing Long-term Fiscal Challenge
GAO-06-761T: Published: May 25, 2006. Publicly Released: May 25, 2006.
The nation's long-term fiscal outlook is daunting. While the budget process has not caused the problems we face, the absence of meaningful budget controls and other mechanisms has served to compound our fiscal challenge. Conversely, a process that illuminates the looming fiscal pressures and provides appropriate incentives can at least help decision makers focus on the right questions. Meaningful...
Fiscal Year 2007 Budget Request: U.S. Government Accountability Office
GAO-06-418T: Published: Apr 26, 2006. Publicly Released: Apr 26, 2006.
We are pleased to appear before the Congress today in support of the fiscal year 2007 budget request for the U.S. Government Accountability Office (GAO). This request will help us continue our support of the Congress in meeting its constitutional responsibilities and will help improve the performance and ensure the accountability of the federal government for the benefit of the American people. Bu...
U.S. Government Accountability Office: Fiscal Year 2007 Budget Request
GAO-06-417T: Published: Mar 10, 2006. Publicly Released: Mar 10, 2006.
This testimony discusses the fiscal year 2007 budget request for the U.S. Government Accountability Office (GAO). This request will help us continue our support of the Congress in meeting its constitutional responsibilities and will help improve the performance and ensure the accountability of the federal government for the benefit of the American people. Budget constraints in the federal governme...
21st Century: Addressing Long-Term Fiscal Challenges Must Include a Re-examination of Mandatory Spending
GAO-06-456T: Published: Feb 15, 2006. Publicly Released: Feb 15, 2006.
This testimony discusses entitlement and other mandatory spending programs in light of our nation's long-term fiscal outlook and the challenges it poses for the budget and oversight processes. In our report entitled 21st Century Challenges: Reexamining the Base of the Federal Government, we presented illustrative questions for policy makers to consider as they carry out their responsibilities. The...
U.S. Securities and Exchange Commission: Building Project Management and Related Budget Planning
GAO-06-61R: Published: Oct 20, 2005. Publicly Released: Oct 20, 2005.
Congress asked us to provide a briefing on the facilities management and budgeting issues of the U.S. Securities and Exchange Commission (SEC) that SEC disclosed to Congress in May 2005, which resulted in SEC's requesting a reprogramming of approximately $48 million of 2005 and 2006 funds. The reprogramming was requested to cover unbudgeted costs related to the construction of new facilities in Wa...
Ultimate Effects of McCarran-Ferguson Federal Antitrust Exemption on Insurer Activity are Unclear
GAO-05-816R: Published: Jul 28, 2005. Publicly Released: Aug 3, 2005.
This letter transmits our briefing slides describing the potential effects of the federal antitrust exemption included in the McCarran-Ferguson Act (McCarran) on insurer activities. On May 26, 2005, we briefed Congressional staff on the results of our review. Specifically, we assessed existing insurance practices that might violate federal antitrust law absent the McCarran exemption and identified...