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Perspectives on Fiscal and Performance Challenges Facing the Federal Government

GAO-13-856CG Published: Sep 17, 2013. Publicly Released: Sep 19, 2013.
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Highlights

This is a Comptroller General Presentation delivered to the South East and South West Intergovernmental Audit Forum in Biloxi, MS on September 17, 2013. Major topics of this presentation include: overall budget environment in the near and long term, the budget control act: focus on discretionary spending, debt held by the public under two fiscal policy simulations, potential fiscal outcomes, governmentwide improper payments: estimates are decreasing but are not complete, internal controls: updating GAO's green book, and GAO's approach to collaboration with the accountability community on PPACA.

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AccountabilityAccounting standardsAccounting systemsCost analysisDebt held by publicErroneous paymentsFederal debtFinancial managementFiscal policiesPerformance measuresRisk managementReporting requirementsTaxesDuplication of effort