Potential Additional Actions

• FASAB – Continue to make progress on the accounting and reporting front (e.g., trust funds and social insurance).

• Treasury – Enhance disclosures in the annual government-wide performance and accountability report.

• OMB – Where possible, add fiscal exposure information in the annual budget appendix. Publish an annual fiscal exposures report.

• GAO – Continue to emphasize the issue in existing reports and testimonies. Comment on any annual fiscal exposures report published by OMB.

• Congress – Consider requiring that discounted present value numbers be considered for major revenue and spending related legislative proposals before legislation is enacted.

• Other – Increase visibility relating to tax preferences.