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Future Years Defense Program: Optimistic Estimates Lead To Billions in Overprogramming

NSIAD-94-210 Published: Jul 29, 1994. Publicly Released: Aug 01, 1994.
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Highlights

Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) Future Years Defense Program (FYDP), focusing on: (1) major funding assumptions underlying FYDP; and (2) FYDP compliance with statutory requirements.

Recommendations

Matter for Congressional Consideration

Matter Status Comments
Congress may wish to consider enacting legislation that would explicitly prohibit DOD from using negative adjustments for unspecified programs as substitutes for resource decisions necessary to bring programs, projects, and activities into conformance with the President's budget. Such a provision need not preclude the use of legitimate negative accounting adjustments such as offsetting receipts and foreign currency fluctuations.
Closed – Not Implemented
Congress did not take action on this matter in 1995 and DOD did not use negative accounting entries in 1996.

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Topics

Cost analysisCost overrunsDefense budgetsDefense cost controlDefense economic analysisDefense procurementFinancial managementFuture budget projectionsPresidential budgetsMilitary forces