Federal Financing Bank:
Estimated Effects on the Maturity Composition of the Federal Debt
GGD-86-43: Published: Mar 21, 1986. Publicly Released: Mar 21, 1986.
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GAO reviewed the effect of the Federal Financing Bank's (FFB) activities on the maturity of the federal debt.
GAO found that: (1) as a result of the borrowing relationship between FFB and the Treasury, relatively long-term federal agency debt has been displaced in the market by short-term Treasury debt; (2) using FFB for intragovernmental borrowing has shortened the maturity of outstanding federal debt held by the public; (3) the FFB share of outstanding federal debt has grown from 3.4 percent during 1974 to 11.9 percent by the end of 1983; (4) as a result of the displacement of agency debt, $60.9 billion in outstanding government securities matured within 5 years; (5) the shift in the maturity of federal debt comprised 7.26 percent of all outstanding federal securities as of 1983; and (6) the maturity composition of the current Treasury debt is, therefore, shorter when compared to the maturity of the debt that would have prevailed if federal agencies did not have access to FFB.
Dec 15, 2020
The Nation's Fiscal Health:
Information on the Spending and Revenue Implications of Potential Debt TargetsGAO-21-211: Published: Dec 15, 2020. Publicly Released: Dec 15, 2020.
Oct 7, 2020
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The Nation's Fiscal Health:
A Long-Term Plan Is Needed for Fiscal SustainabilityGAO-21-161T: Published: Oct 7, 2020. Publicly Released: Oct 7, 2020.
Sep 23, 2020
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The Nation's Fiscal Health:
Effective Use of Fiscal Rules and TargetsGAO-20-561: Published: Sep 23, 2020. Publicly Released: Sep 23, 2020.
Jan 23, 2020
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Federal Trust Funds and Other Dedicated Funds:
Fiscal Sustainability Is a Growing Concern for Some Key FundsGAO-20-156: Published: Jan 16, 2020. Publicly Released: Jan 23, 2020.
Dec 19, 2019
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State and Local Governments' Fiscal Outlook:
2019 UpdateGAO-20-269SP: Published: Dec 19, 2019. Publicly Released: Dec 19, 2019.
Nov 14, 2019
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Certificated Expenditures:
Executive Office of the President FY 2018 Certificated Expenditures Were Spent for Authorized PurposesGAO-20-139R: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.
Oct 16, 2019
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Civilian Personnel:
Additional Guidance and Consistent Data Reporting Could Help Improve the Marine Corps' Budget ManagementGAO-20-148: Published: Oct 16, 2019. Publicly Released: Oct 16, 2019.
Jun 26, 2019
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The Nation's Fiscal Health:
Actions Needed to Achieve Long-Term Fiscal SustainabilityGAO-19-611T: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.
Apr 10, 2019
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The Nation's Fiscal Health:
Action Is Needed to Address the Federal Government's Fiscal FutureGAO-19-314SP: Published: Apr 10, 2019. Publicly Released: Apr 10, 2019.
Mar 27, 2019
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Fiscal Exposures:
Federal Insurance and Other Activities That Transfer Risk or Losses to the GovernmentGAO-19-353: Published: Mar 27, 2019. Publicly Released: Mar 27, 2019.
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