Budget Issues:

Restructuring the Federal Budget--The Capital Component

AFMD-89-52: Published: Aug 24, 1989. Publicly Released: Aug 24, 1989.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO proposed a conceptual framework for the capital budget component of its restructured unified budget proposal that would improve federal decisionmaking and control processes.

GAO found that the current budget: (1) makes no distinction between operating expenses and capital investments, which could lead to unsound deficit reduction strategies and create a bias against capital investments; (2) does not highlight the use of trust fund surpluses totalling about $100 billion annually to finance deficits in other government activities; and (3) does not identify the totals for activities established as primarily self-financing enterprises. GAO proposed to restructure the current unified budget to include a capital and operating budget.

Sep 23, 2020

Jan 23, 2020

Dec 19, 2019

  • budget icon, source: GAO

    State and Local Governments' Fiscal Outlook:

    2019 Update
    GAO-20-269SP: Published: Dec 19, 2019. Publicly Released: Dec 19, 2019.

Nov 14, 2019

Oct 16, 2019

Jun 26, 2019

Apr 10, 2019

Mar 27, 2019

Mar 22, 2019

Feb 27, 2019

Looking for more? Browse all our products here