Addressing the Deficit:
Updating the Budgetary Implications of Selected GAO Work
OCG-96-5: Published: Jun 28, 1996. Publicly Released: Jun 28, 1996.
- Full Report:
GAO provided updated information on spending reduction and revenue gain options that stemmed from key findings in GAO work, focusing on the: (1) analytical framework for considering individual options; and (2) estimates of budgetary savings or revenue gains of each option, where available.
GAO found that: (1) the reported spending and revenue options could be used to reduce the deficit or to free up funds for other programs; (2) although the reported options were derived from its existing body of work, they are similar to other deficit reduction proposals; and (3) the analytical framework for considering deficit reduction options focused on reassessing objectives, redefining beneficiaries, and improving efficiency.