Fiscal policies (1 - 10 of 58 items)
State and Local Governments' Fiscal Outlook: April 2011 Update
GAO-11-495SP: Published: Apr 6, 2011. Publicly Released: Apr 6, 2011.
Fiscal sustainability presents a national challenge shared by all levels of government. Since 2007, GAO has published long-term fiscal simulations for the state and local government sector. These simulations show that, like the federal government, the state and local sector faces persistent and long-term fiscal pressures. Using the Bureau of Economic Analysis's National Income and Product Accounts...
State and Local Governments' Fiscal Outlook: March 2010 Update
GAO-10-358: Published: Mar 2, 2010. Publicly Released: Mar 2, 2010.
Fiscal sustainability presents a national challenge shared by all levels of government. Since 2007, GAO has published long-term fiscal simulations for the state and local government sector. These simulations show that, like the federal government, the state and local government sector faces persistent and long-term fiscal pressures. Using the Bureau of Economic Analysis's National Income and Produ...
Long-Term Fiscal Outlook: Action Is Needed to Avoid the Possibility of a Serious Economic Disruption in the Future
GAO-08-411T: Published: Jan 29, 2008. Publicly Released: Jan 29, 2008.
GAO has for many years warned that our nation is on an imprudent and unsustainable fiscal path. During the past 3 years, the Comptroller General has traveled to 25 states as part of the Fiscal Wake-Up Tour. Members of this diverse group of policy experts agree that finding solutions to the nation's long-term fiscal challenge will require bipartisan cooperation, a willingness to discuss all options...
State and Local Governments: Growing Fiscal Challenges Will Emerge during the Next 10 Years
GAO-08-317: Published: Jan 22, 2008. Publicly Released: Jan 22, 2008.
State and local governments provide an array of services to their residents, such as primary and secondary education, libraries, police and fire services, social programs, roads and other infrastructure, public colleges and universities, and more. These subnational governments may face fiscal stress similar to the federal government. Given the nature of the partnership among levels of government i...
State and Local Governments: Persistent Fiscal Challenges Will Likely Emerge within the Next Decade
GAO-07-1080SP: Published: Jul 18, 2007. Publicly Released: Jul 18, 2007.
For over a decade GAO has run long-term simulations showing that absent a change in policy, the combined effects of demographic changes and growing health care costs drive ever-increasing federal deficits and debt levels. The Comptroller General has repeatedly warned that the current fiscal path of the federal government is "imprudent and unsustainable". State and local governments provide an arra...
Mandatory Spending: Using Budget Triggers to Constrain Growth
GAO-06-276: Published: Jan 31, 2006. Publicly Released: Jan 31, 2006.
Prepared as part of GAO's basic statutory responsibility for monitoring the condition of the nation's finances, the objectives of this report were to (1) determine the feasibility of designing and using trigger mechanisms to constrain growth in mandatory spending programs and (2) provide an analysis of the factors that led to differences between estimated and actual outlays in seven mandatory budg...
Budget Process: Long-term Focus Is Critical
GAO-04-585T: Published: Mar 23, 2004. Publicly Released: Mar 23, 2004.
The structure of the budget process can help ensure that budget decision makers are presented with the information and choices for timely and informed decisionmaking. GAO's long-term budget simulations show that, absent substantive entitlement reform and/or dramatic changes in tax and spending policies, we will face large, escalating, and persistent deficits. A budget process incorporating new met...
Opportunities for Oversight and Improved Use of Taxpayer Funds: Examples from Selected GAO Work
GAO-03-1006: Published: Aug 1, 2003. Publicly Released: Aug 1, 2003.
This report is submitted pursuant to section 301(e) of the Concurrent Resolution on the Budget for Fiscal Year 2004, which directs the Comptroller General to submit to the Committees on the Budget a comprehensive report identifying instances in which the committees of jurisdiction may make legislative changes to improve the economy, efficiency, and effectiveness of federal programs within their j...
Supporting Congressional Oversight: Budgetary Implications of Selected GAO Work for Fiscal Year 2003
GAO-02-576: Published: Apr 26, 2002. Publicly Released: Apr 26, 2002.
This report discusses the budgetary implications of selected program reforms discussed in GAO work but not yet implemented or enacted. To help congressional budget and appropriations committees identify ways to reduce federal spending or increase revenues, this year's report contains more than 100 examples of budget options organized by budget function. Where possible, budgetary savings estimates...
Budget Issues: Long-Term Fiscal Challenges
GAO-02-467T: Published: Feb 27, 2002. Publicly Released: Feb 27, 2002.
Combating terrorism and ensuring homeland security have created urgent claims on the nation's attention and on the federal budget. Although an economic recovery seems to be underway, the recession that began last spring has had real consequences for the budget. At the same time, the fiscal pressures created by the retirement of the baby boomers and rising health care costs continue unchanged. Howe...