President's Fifth Special Message for FY 1981
OGC-81-5: Published: Mar 11, 1981. Publicly Released: Mar 11, 1981.
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The President's fifth special message concerning fiscal year 1981 was transmitted to Congress. The special message contained 38 deferral proposals. These proposals were comprised of a conversion to deferrals of the 33 rescissions proposed by the previous Administration, four new deferrals, and a revision to one previously transmitted deferral.
The conversion to deferrals is a temporary action for the purpose of allowing the new Administration an opportunity to review and revise the rescission proposals within the context of the new President's overall economic plan. Further, the temporary conversion to deferrals will not be used to attribute to the President a new 45-day withholding period if the original proposals or an amended version of them are resubmitted at a later date. One of the 33 conversions concerned a proposal involving the appropriation to the U.S. Postal Service for the Postal Service Fund. Applicable statutes prohibit apportionment of any monies credited to the Fund. The previous Administration stated that no funds were being withheld pending congressional action on the rescission proposal. Accordingly, the 45-day withholding period is not applicable to this proposal. Deferrals typically involve a withholding of funds by the Office of Management and Budget (OMB). GAO has held that there is nothing in the Postal Reorganization Act of 1970, amendments to the Act, or legislative history that limits the authority of Congress to rescind funds previously appropriated. However, no withholding of funds by OMB has taken place. It is the opinion of GAO that the proposed deferrals are in accordance with existing authority.
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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