GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
This report provides an update on the federal government’s fiscal condition at the end of FY 2019 and the unsustainable path it is on if policies don’t change.
Among its findings:
Publicly held debt rose to 79% of GDP.
Every major federal department has at least 2 trust funds or dedicated funds that pay for key programs. The money comes from related taxes, fees, and premiums—e.g., U.S. postage stamp revenue goes to the Postal Service Fund.
The federal government is on an unsustainable fiscal path.
Federal spending continues to outpace revenue—by $587 billion in 2016—and, absent policy changes, the structural gap between revenues and spending puts the federal government on an unsustainable long-term fiscal path.
What GAO Found The federal vehicle fleet consists of dozens of agencies' fleets that range in size from just a few vehicles to more than 200,000. The vehicles agencies use to carry out these missions also vary and include passenger cars and trucks and special purpose vehicles (e.g.
What GAO Found Selected federal agencies have identified climate-related risks to their critical supply chains to varying degrees—including not at all—based on GAO's analysis of survey responses and adaptation plans from 24 selected agencies.
What GAO FoundGAO's 2013 annual report identifies 31 new areas where agencies may be able to achieve greater efficiency or effectiveness. Seventeen areas involve fragmentation, overlap, or duplication.