Budget Policy:
The Budget Deficit and Long-Term Economic Growth
T-OCE-92-1: Published: Jun 11, 1992. Publicly Released: Jun 11, 1992.
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GAO discussed the federal budget deficit and federal spending priorities, focusing on the deficit's long-term economic consequences and the economic benefits of deficit reduction. GAO noted that: (1) the rising budget deficit is increasingly absorbing the net national savings available for investment, and trends in expenditures for health care, interest, and social security indicate continued deficit and debt growth; (2) continuation of a no-action approach to the deficit could result in further deficit increases and declining economic growth; (3) approaches that continue to attempt to control the budget, without setting discrete and decisive action, will not lessen the prospect of a serious economic crisis; (4) deficit reduction approaches that focus on achieving and maintaining a balanced budget or a budget surplus could produce a healthy economy capable of meeting national needs in the future; (5) it is important to consider the international dimension of the long-term U.S. economic outlook, but such analysis is contentious and difficult; and (6) increased national saving through deficit reduction could reduce reliance on foreign capital, improve the U.S. net international investment position, make foreign investment opportunities more attractive, and increase economic and job growth. GAO believes that decisionmakers should continue to consider long-term economic effects in budget analysis activities and budget structure and process reform attempts.
Sep 23, 2020
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.
Mar 22, 2019
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Data Act:
OMB Needs to Formalize Data Governance for Reporting Federal SpendingGAO-19-284: Published: Mar 22, 2019. Publicly Released: Mar 22, 2019.
Feb 27, 2019
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Fiscal Year 2020 Budget Request:
U.S. Government Accountability OfficeGAO-19-403T: Published: Feb 27, 2019. Publicly Released: Feb 27, 2019.
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