Budget Trends:

Obligations by Item of Expense, Fiscal Years 1971-1994

AIMD-95-227: Published: Sep 12, 1995. Publicly Released: Sep 12, 1995.

Additional Materials:

Contact:

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

Pursuant to a congressional request, GAO provided information on federal spending patterns and trends by object classification, focusing on: (1) average annual growth rates; (2) historical trend data; and (3) fiscal year (FY) 1994 budget accounts by department and agency which obligated $100 million or more.

GAO found that: (1) most object series and classes have shown real growth since FY 1971; (2) interest costs and transfer payments have increased at nearly twice the average annual rate of growth for the U.S. economy; (3) these costs tripled between FY 1971 and FY 1994, while overall federal obligations doubled; (4) operating expenses increased at less than 40 percent of the increase in the gross domestic product over the 24-year period; (5) over the last 12 fiscal years, operating expense categories experienced low or negative increases due to several statutory spending restraints, while interest costs and transfer payments continued to grow; and (6) examination of FY 1994 obligations will help clarify federal spending patterns, the object classification system, and annual growth rates for each object series and class.

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