GAO reported on one deferral of budget authority that the President proposed for rescission in his 104th special impoundment message.

GAO found that the deferral was in accordance with the Congressional Budget and Impoundment Control Act of 1974. GAO noted that: (1) the total amount of budget authority was $24,664,000, not $47,801,000, as the message reported; (2) the Office of Management and Budget released $14,986,000 of the amount withheld from obligation, and the Agency for International Development (AID) had obligated all but $2.5 million of the funds by September 30, 1992; and (3) AID did not obligate $2.5 million in funds because of a legislative restriction, but it later concluded that those funds would be available through fiscal year 1993.