Budgeting for Inflation in Selected Civil Accounts

AFMD-86-34BR: Published: Mar 20, 1986. Publicly Released: Apr 21, 1986.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO identified those major civil appropriation accounts where inflation projections are applied in order to determine: (1) the inflation guidance used; (2) projected and actual inflation; and (3) the amount of funds appropriated for inflation that did not occur. GAO analyzed the potential for excess funding in the Departments of Energy, Transportation, and the Interior and the Veterans Administration.

GAO found that: (1) for several agencies, it was unable to obtain sufficient information to analyze inflation practices; (2) use of the Office of Management and Budget's inflation guidelines varied among and within the agencies studied; (3) unless an agency provides a specific line item for inflation in its budget documents, the amount it requests for inflation in any given account cannot be identified; and (4) Congress usually does not identify the amount it appropriates for inflation. In addition, GAO found that: (1) the potential overfunding for inflation in selected accounts at the four agencies totalled about $1 billion for fiscal years 1982 through 1985; and (2) this amount represents less than 2 percent of the total budget authority adjusted for inflation. GAO noted that its figures represent only its estimate of potential overfunding for inflation rather than actual overfunding.

Oct 12, 2017

Sep 20, 2017

May 3, 2017

Jan 18, 2017

Jan 17, 2017

Jan 12, 2017

Dec 20, 2016

Dec 8, 2016

  • budget icon, source: GAO

    State and Local Governments' Fiscal Outlook:

    2016 Update
    GAO-17-213SP: Published: Dec 8, 2016. Publicly Released: Dec 8, 2016.

Dec 1, 2016

Nov 17, 2016

Looking for more? Browse all our products here