Budget Issues:

Selected GAO Work on Federal Financial Support of Business

AIMD/GGD-96-87: Published: Mar 7, 1996. Publicly Released: Mar 7, 1996.

Additional Materials:

Contact:

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

Pursuant to a congressional request, GAO summarized previously issued GAO work on spending programs and tax benefits available to businesses, focusing on: (1) examples of GAO work assessing selected financial support programs; and (2) work published after 1992.

GAO found that: (1) government-provided financial benefits to businesses fulfill a wide range of public policy objectives and are spread throughout the budget; (2) poorly designed programs can cause the government to spend more money or lose more revenue than necessary to achieve program objectives; (3) ineffective or inefficient transfers benefit businesses doing things they would have done anyway; (4) other program problems include preemption of market forces, which promotes inefficiency, moral hazards, which cause businesses to take greater risks, and duplication and overlap; and (5) Congress needs to address issues regarding the reduction or redesign of programs, including the necessity for new legislation.

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