Budget Surpluses: Experiences of Other Nations and Implications for the United States

Pursuant to a congressional request, GAO provided information on the experience of six nations--Australia, Canada, New Zealand, Norway, Sweden, and the United Kingdom--with budget surpluses, focusing on: (1) how they achieved budget surpluses and what their fiscal policies were during periods of surplus; (2) how they addressed long-term budgetary pressures; (3) how they adapted their budget process during a period of surplus; and (4) the lessons these nations learned from their experiences with budget surpluses that might be applicable to the United States.