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Consistent and Uniform Treatment of Inflation Needed in Program Cost Estimates Provided to the Congress

PSAD-78-8 Published: Mar 20, 1978. Publicly Released: Mar 20, 1978.
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Highlights

Inflation is continually cited as a leading cause of tremendous cost growth in Government programs in recent years. The practices followed by selected Government agencies in providing for inflation in the cost estimates of long-term major programs were examined because the long-term programs proposed by the departments and agencies are not costed on a consistent and uniform basis, and it is impossible for the Congress to compare programs.

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BudgetsComparative analysisCost analysisInflationProgram managementCost estimatesMilitary forcesFuture budget projectionsPrice inflationBudgeting