Budget Issues:

Fiscal Year 1993 Budget Estimates and Actual Results

AIMD-94-68: Published: Feb 4, 1994. Publicly Released: Feb 17, 1994.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO compared the Office of Management and Budget's (OMB) original and revised budget estimates with actual fiscal year (FY) 1993 results, focusing on the: (1) reasons for major differences between OMB original estimates and actual FY 1993 results; (2) OMB estimation difficulties; and (3) receipt estimates reported by the Congressional Budget Office (CBO).

GAO found that: (1) OMB did not forecast the $95 billion decline in the federal deficit; (2) outlays for deposit insurance were lower than originally estimated because of the improved health of the bank and thrift industries and the delay in appropriations for the Resolution Trust Corporation; (3) lower-than-estimated Medicaid outlays were partially offset by high outlays for Medicare; (4) lower-than-estimated receipts from individual and social insurance taxes and contributions were partially offset by high corporate income tax receipts; (5) varying conditions in unemployment, inflation and economic growth contributed to the offsetting differences between OMB budget estimates and actual FY 1993 results; (6) the largest differences between OMB estimates and actual results were for mandatory program outlays for fiscal years 1992 and 1993; and (7) OMB economic assumptions for FY 1993 were generally consistent with CBO forecasts.

Jul 21, 2016

Jun 23, 2016

May 12, 2016

Apr 14, 2016

Mar 4, 2016

Oct 30, 2015

Sep 9, 2015

Aug 17, 2015

Jul 9, 2015

Apr 27, 2015

Looking for more? Browse all our products here