The Export-Import Bank of the U.S.:
Financial Condition and Budget Issues
T-AFMD-87-15: Published: May 21, 1987. Publicly Released: May 21, 1987.
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GAO discussed issues relating to the financial condition of the Export-Import Bank of the United States (Eximbank). GAO has expressed an adverse opinion on the Eximbank annual financial statements every year since 1983, because it believes that the statements do not reflect losses that are likely to occur because of the probable uncollectibility of a significant number of loans. GAO noted that: (1) even without recognizing losses attributable to uncollectible loans, Eximbank is suffering increasing operating losses because of a negative interest rate differential and a negative claim-losses-to-premiums ratio; (2) the reported Eximbank equity declined from $3.2 billion in 1981 to $1.8 billion in 1986 and could decline to $1.1 billion by the end of fiscal year 1987; and (3) 29 percent of the 1985 Eximbank loan portfolio was delinquent, under rescheduling, or in default. GAO believes that Eximbank: (1) should properly have reported to Congress the impact of potential loan losses as early as 1983 and, regardless of its accounting practices, will have to report this year on its deteriorating capital position; and (2) intends to accept prepayments on direct loans that it would otherwise sell, leaving it with a greater percentage of problem loans.
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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