H.R. 1244, The Federal Capital Investment Budget Act of 1983

GAO discussed the effects of the Federal Capital Investment Budgeting Act on planning and budgeting for capital investments. The act would require the President's annual budget to include a special analysis of appropriations and outlays for public infrastructure investments and a capital budget within the current unified budget. It would also require the President to submit with his annual budget an analysis of requested budget authority and outlays for each major public capital investment program. GAO believes that the act would help alleviate the the Government's existing capital investment information deficiencies. Further, the act would establish a more coherent approach to planning and budgeting for capital investment.