Financial management (11 - 20 of 57 items)
Joint Strike Fighter: Impact of Recent Decisions on Program Risks
GAO-08-569T: Published: Mar 11, 2008. Publicly Released: Mar 11, 2008.
The Joint Strike Fighter (JSF) is the Department of Defense's (DOD) most expensive aircraft acquisition program. DOD is expected to develop, procure, and maintain 2,443 aircraft at a cost of more than $950 billion. DOD plans for the JSF to replace or complement several types of aircraft in the Air Force, Navy, and Marine Corps. Given the program's cost and importance, it is critical that decisions...
HUD and Treasury Programs: More Information on Leverage Measures' Accuracy and Linkage to Program Goals Is Needed in Assessing Performance
GAO-08-136: Published: Jan 18, 2008. Publicly Released: Feb 19, 2008.
This is the second of two reports on the leveraging of federal funds in housing and community and economic development programs. Leveraging involves using a source of funds to attract other funds or combining multiple sources of funds. This report examines (1) the leverage measures and the transparency of the data and methods used to calculate them, and (2) the relevance of such measures in assess...
Defense Travel System: Reported Savings Questionable and Implementation Challenges Remain
GAO-06-980: Published: Sep 26, 2006. Publicly Released: Sep 26, 2006.
In 1995, the Department of Defense (DOD) began an effort to implement a standard departmentwide travel system. The Defense Travel System (DTS) is envisioned as DOD's standard end-to-end travel system. This report is a follow-up to GAO's January 2006, report which highlighted DTS implementation problems. Because of continued congressional interest in DTS, GAO initiated this follow-up audit under th...
Social Security Reform: Answers to Key Questions
GAO-05-193SP: Published: May 2, 2005. Publicly Released: May 2, 2005.
The sooner our nation acts to address Social Security's long-term financial challenges, the easier it will be to successfully meet them. Once explained, the choices we face are not difficult to understand, but they are difficult to make. They affect both how much Americans pay for Social Security and how much they receive from the program. They require changes that not only will affect us but have...
DOD's High-Risk Areas: Successful Business Transformation Requires Sound Strategic Planning and Sustained Leadership
GAO-05-520T: Published: Apr 13, 2005. Publicly Released: Apr 13, 2005.
In January 2005, GAO released its 2005 high-risk series update report for the 109th Congress. GAO's high-risk series has increasingly focused on major government programs and operations that need urgent attention and transformation to ensure that the U.S. government functions in the most economical, efficient, and effective manner possible. GAO also emphasizes those federal programs and operations...
GAO's 2005 High-Risk Update
GAO-05-350T: Published: Feb 17, 2005. Publicly Released: Feb 17, 2005.
GAO's audits and evaluations identify federal programs and operations that, in some cases, are high risk due to their greater vulnerabilities to fraud, waste, abuse, and mismanagement. Increasingly, GAO also is identifying high-risk areas to focus on the need for broad-based transformations to address major economy, efficiency, or effectiveness challenges. Since 1990, GAO has periodically reported...
21st Century Challenges: Reexamining the Base of the Federal Government
GAO-05-352T: Published: Feb 16, 2005. Publicly Released: Feb 16, 2005.
This report stems from the recognition that the Congress faces a daunting challenge: the need to bring government and its programs in line with 21st century realities. This challenge has many related pieces: addressing the nation's large and growing long-term fiscal gap; deciding on the appropriate role and size of the federal government--and how to finance that government--and bringing the panopl...
Debt Ceiling: Analysis of Actions Taken During the 2003 Debt Issuance Suspension Period
GAO-04-526: Published: May 20, 2004. Publicly Released: May 20, 2004.
GAO is required to review the steps taken by the Department of the Treasury (Treasury) to avoid exceeding the debt ceiling during the 2003 debt issuance suspension period. The committee also directed GAO to determine whether all major accounts that were used for debt ceiling relief have been properly credited or reimbursed. Accordingly, GAO determined whether Treasury followed its normal investmen...
Performance Budgeting: Observations on the Use of OMB's Program Assessment Rating Tool for the Fiscal Year 2004 Budget
GAO-04-174: Published: Jan 30, 2004. Publicly Released: Jan 30, 2004.
The Office of Management and Budget's (OMB) Program Assessment Rating Tool (PART) is meant to provide a consistent approach to evaluating federal programs during budget formulation. To better understand its potential, congressional requesters asked GAO to examine (1) how PART changed OMB's fiscal year 2004 budget decisionmaking process, (2) PART's relationship to the Government Performance and Res...
Social Security Reform: Analysis of a Trust Fund Exhaustion Scenario Illustrates the Difficult Choices and the Need for Early Action
GAO-03-1038T: Published: Jul 29, 2003. Publicly Released: Jul 29, 2003.
Social Security is an important social insurance program affecting virtually every American family. It is the foundation of the nation's retirement income system and also provides millions of Americans with disability insurance and survivors' benefits. Over the long term, as the baby boom generation retires, Social Security's financing shortfall presents a major program solvency and sustainability...