Budget Policy:

Federal Capital Budgeting

T-AFMD-93-7: Published: May 26, 1993. Publicly Released: May 26, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed proposals to establish a federal capital budget. GAO noted that: (1) a capital budget segregates capital revenues and outlays from an operating budget's revenues and outlays; (2) the federal unified budget focuses policymakers' attention on the economic impact of federal cash borrowing and is critical to understanding how federal budgetary decisions affect the business cycle in the short term as well as potential consequences for long term economic output; (3) recognizing the impact of various types of federal spending would provide a valuable supplement to the unified budget for long-term economic growth; (4) issues to be considered in developing a capital or investment budget include determining how to make resource allocation decisions and allocating federal resources among competing budgetary claims; and (5) a federal capital budget could help the federal government make better informed decisions that will foster economic growth.

Nov 7, 2018

Jun 28, 2018

Jun 21, 2018

Apr 3, 2018

Feb 6, 2018

Oct 12, 2017

Oct 2, 2017

  • budget icon, source: GAO

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 20, 2017

May 3, 2017

Jan 18, 2017

Looking for more? Browse all our products here