Budget Reductions for FY 1987:
Review of Initial OMB/CBO Report Under the Deficit Control Act
OCG-86-4: Published: Sep 4, 1986. Publicly Released: Sep 4, 1986.
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Pursuant to a congressional request, GAO reviewed the Office of Management and Budget (OMB) and Congressional Budget Office's (CBO) joint Initial Sequestration Report for fiscal year (FY) 1987.
GAO found that: (1) OMB and CBO disagree about outlays for defense programs in FY 1987; (2) the Department of Defense's (DOD) accounting and budgeting systems result in inadequate data for estimating the defense budget and for overseeing its execution; (3) the CBO defense outlays budget estimate is more accurate than the OMB estimate; (4) $56.8 billion of unobligated DOD balances will be available for obligation in FY 1987; (5) OMB and CBO disagree on how federal pay increases for FY 1987 will be funded; (6) the CBO estimate for funding the increases substantially through additional appropriations is more accurate and will result in an increase in defense program outlays, with a small increase in non-defense outlays; (7) its estimates differ from those of OMB and CBO regarding various non-defense programs; (8) the different revenue and outlay estimates stem from differing economic forecasts; (9) the pending tax reform bill, if enacted, may increase FY 1987 revenues; and (10) the OMB and CBO report may significantly underestimate the costs of responding to unanticipated program requirements. GAO concluded that it is likely that the deficit will increase in FY 1987, requiring further budget reductions or revenue increases.
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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