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:

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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.

Sep 23, 2020

Sep 8, 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

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