Federal Budget:

Choosing Public Investment Programs

AIMD-93-25: Published: Jul 23, 1993. Publicly Released: Aug 24, 1993.

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Pursuant to a congressional request, GAO identified key questions that should be addressed when choosing and implementing public investment programs.

GAO found that: (1) disagreement persists regarding the federal role in raising national investment levels; (2) productivity growth is central to maintaining and improving the nation's economic capacity and standard of living; (3) some federal investments affect how the government provides services, but are not directly instrumental in increasing private sector economic productivity; (4) well-designed and well-managed public investment programs can make contributions to private-sector labor productivity; and (5) a better-trained work force, new technologies, improved production equipment and processes, and infrastructure development contribute to increasing productivity.

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