Future budget projections (61 - 70 of 578 items)
21st Century Challenges: How Performance Budgeting Can Help
GAO-07-1194T: Published: Sep 20, 2007. Publicly Released: Sep 20, 2007.
As part of its work to improve the management and performance of the federal government, GAO monitors progress and continuing challenges in using performance information to inform budgetary choices (performance budgeting). In light of the nation's long-term fiscal imbalance and other 21st century challenges, we have reported that the Government Performance and Results Act of 1993 (GPRA) and perfor...
Long-Term Fiscal Challenge: Additional Transparency and Controls Are Needed
GAO-07-1144T: Published: Jul 25, 2007. Publicly Released: Jul 25, 2007.
This testimony relates to the broader question: How should we deal with our nation's long-term fiscal challenge in order to help ensure that our future is better than our past? This testimony will start with our longer-term fiscal challenge. Then it will turn to the process question you present at this hearing: the reimposition of a statutory PAYGO rule(s) as a step toward dealing with this challe...
Internal Revenue Service: Assessment of the 2008 Budget Request and an Update of 2007 Performance
GAO-07-719T: Published: May 9, 2007. Publicly Released: May 9, 2007.
The Internal Revenue Service's (IRS) budget request shows how IRS intends to balance spending for enforcement and taxpayer service, including spending for new initiatives and the Business Systems Modernization (BSM) program. A combination of enforcement and taxpayer service promotes compliance with the tax laws. GAO was asked to (1) compare IRS's proposed FY 2008 budget to prior years' and assess...
Defense Budget: Review of DOD's Report on Budgeting for Fuel Cost Fluctuations
GAO-07-688R: Published: Apr 26, 2007. Publicly Released: Apr 26, 2007.
The Office of Management and Budget (OMB) establishes for the Department of Defense (DOD) the price DOD will use for pricing crude oil when constructing its budget for upcoming fiscal years. DOD in turn uses OMB's price in establishing the standard price to be used for a barrel of fuel for budgeting purposes by DOD fuel customers such as the military services. Because of the volatility of world pe...
Fiscal Year 2008 Budget Request: U.S. Government Accountability Office
GAO-07-547T: Published: Mar 16, 2007. Publicly Released: Mar 16, 2007.
We would like to thank Congress for its past support of GAO. We are especially appreciative of Congressional efforts to help us avoid a furlough of our staff during fiscal year 2007. Had we not received additional funds this year and not taken other cost minimization actions, GAO would have likely been forced to furlough most staff for up to 5 days without pay. At the same time, due to funding sho...
The Nation's Long-Term Fiscal Outlook: January 2007 Update
GAO-07-510R: Published: Feb 23, 2007. Publicly Released: Feb 23, 2007.
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...
Health Care Spending: Public Payers Face Burden of Entitlement Program Growth, While All Payers Face Rising Prices and Increasing Use of Services
GAO-07-497T: Published: Feb 15, 2007. Publicly Released: Feb 15, 2007.
GAO testified about the challenges involved in financing health care. GAO has been particularly concerned about the federal government's long-term fiscal sustainability and the contribution of health care spending to this troubling picture. For the past several years, we have consistently reported that in just a few decades, the government will face a serious fiscal imbalance driven by known demog...
Fiscal Stewardship: A Critical Challenge Facing Our Nation
GAO-07-362SP: Published: Jan 31, 2007. Publicly Released: Jan 31, 2007.
The U.S. government is the largest, most diverse, most complex, and arguably the most important entity on earth today. The United States is also a great nation. It has much to be proud of and much to be thankful for. However, our nation is not well positioned to meet the challenges and capitalize on the opportunities of the 21st Century. We are also failing to properly discharge one of our biggest...
Long-Term Budget Outlook: Deficits Matter--Saving Our Future Requires Tough Choices Today
GAO-07-389T: Published: Jan 23, 2007. Publicly Released: Jan 23, 2007.
The Comptroller General testified before Congress for a hearing entitled "Why Deficits Matter." The presentation touched on several points. First, the current financial condition in the United States is worse than is widely understood. Second, the current fiscal path is both imprudent and unsustainable. Third, improvements in information and processes are needed and can help. And finally, meeting...
Understanding Similarities and Differences between Accrual and Cash Deficits: Update for Fiscal Year 2006, an E-supplement to GAO-07-117SP
GAO-07-341SP: Published: Jan 22, 2007. Publicly Released: Jan 22, 2007.
This document updates selected information in Understanding Similarities and Differences between Accrual and Cash Deficits (GAO-07-117SP) and should be read in conjunction with that document. Importantly, emphasis should not be placed on the precise numbers for either a single year accrual deficit or the change from year to year. Furthermore, for the 10th consecutive year, the government was unabl...