1993 Navy Budget:
Potential Reductions in Weapons Procurement Programs
NSIAD-92-317BR: Published: Sep 30, 1992. Publicly Released: Sep 30, 1992.
Pursuant to a congressional request, GAO reviewed the Navy's justification for its fiscal year (FY) 1993 weapons procurement budget request and prior year appropriations to identify areas for potential reductions and rescission.
GAO found that: (1) the Navy's FY 1993 budget request could potentially be reduced by $55.3 million; (2) $327.5 million could potentially be rescinded from appropriated funds for FY 1992 and 1991; (3) $130 million in FY 1992 funds for the Harpoon missile program and $13.2 million in FY 1992 funds for the Weapons Industrial Facilities program could potentially be rescinded; (4) these funds are being withheld by the Office of the Assistant Secretary of Defense, Comptroller; (5) $83.3 million from FY 1990 through FY 1992 funds could potentially be rescinded; and (6) these funds are being held in reserve by the Office of the Secretary of Defense and the Navy Comptroller.