Addressing the Deficit:
Budgetary Implications of Selected GAO Work for Fiscal Year 1996
OCG-95-2: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
- Full Report:
GAO provided information on new options for spending reductions and revenue gains that stemmed from key findings and issues developed in GAO work, focusing on the: (1) analytical framework for considering individual options; and (2) estimates of the budgetary savings or revenue gains of each option, where available.
GAO found that: (1) although some spending options reflect GAO recommendations, most options represent one way to address significant problems identified in GAO evaluations of federal policies and programs; (2) the analytical framework for considering individual options is organized around reassessing program objectives, redefining beneficiaries, and improving program efficiency; (3) the framework provides one set of criteria to assess the goals, scope, and approaches for delivering federal programs; (4) estimates of budgetary savings and revenue gains were developed by the Congressional Budget Office and the Joint Committee on Taxation, respectively; (5) under the Budget Enforcement Act of 1990, the spending and revenue options could be used either to reduce the deficit or to provide funds for other programs; and (6) its proposed options are similar to other deficit reduction proposals.