Budget Issues:

Fiscal Year 1993 Budget Estimates and Actual Results

AIMD-94-68: Published: Feb 4, 1994. Publicly Released: Feb 17, 1994.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO compared the Office of Management and Budget's (OMB) original and revised budget estimates with actual fiscal year (FY) 1993 results, focusing on the: (1) reasons for major differences between OMB original estimates and actual FY 1993 results; (2) OMB estimation difficulties; and (3) receipt estimates reported by the Congressional Budget Office (CBO).

GAO found that: (1) OMB did not forecast the $95 billion decline in the federal deficit; (2) outlays for deposit insurance were lower than originally estimated because of the improved health of the bank and thrift industries and the delay in appropriations for the Resolution Trust Corporation; (3) lower-than-estimated Medicaid outlays were partially offset by high outlays for Medicare; (4) lower-than-estimated receipts from individual and social insurance taxes and contributions were partially offset by high corporate income tax receipts; (5) varying conditions in unemployment, inflation and economic growth contributed to the offsetting differences between OMB budget estimates and actual FY 1993 results; (6) the largest differences between OMB estimates and actual results were for mandatory program outlays for fiscal years 1992 and 1993; and (7) OMB economic assumptions for FY 1993 were generally consistent with CBO forecasts.

Jun 28, 2018

Jun 21, 2018

Apr 3, 2018

Feb 6, 2018

Oct 12, 2017

Oct 2, 2017

  • budget icon, source: GAO

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 20, 2017

May 3, 2017

Jan 18, 2017

Jan 17, 2017

Looking for more? Browse all our products here