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PAD-82-40 1 (1982-07-21)

handle is hein.gao/gaobabmmj0001 and id is 1 raw text is: P,!~ UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 PMOGRAM ANALYSIS DIVISION B-207548 JULY 21,1982 The Honorable Ed Bethune I I 'I II House of Representatives 11111111I II1 Dear Mr. Bethune: 119082 Subject: Information on Programs Primarily Benefiting Business (GAO/PAD-82-40) This letter is in response to your request for information about programs that benefit business, including spending programs, credit programs, and tax expenditures. As agreed with your office, we based our response on information readily available to us. We did not develop additional information on regulatory benefits or make out-year estimates. In April, we gave your staff a listing of spending programs from our Legislative, Authorization, Program, and Budget Information System (LAPIS) program information data base so that he would have the information in time for Budget Committee action. Our information shows that in fiscal year 1983, spending and credit programs will be reduced substantially from fiscal 1982 levels, mostly because of reductions in some large programs directed toward business. On the other hand, tax expenditures directed toward business will be increased, largely as a result of the Economic Recovery Tax Act of 1981. SPENDING PROGRAMS In fiscal year 1983, spending programs directed primarily toward business will receive about 30 percent less budget authority than they did in fiscal year 1982, according to information we developed from the GAO L4PIS program information data base. We identified 277 programs receiving a total of $5.8 billion in budget authority in fiscal year 1983, down from a level of $8.4 billion in fiscal 1982. Following are the major changes in budget authority from fiscal year 1982 to fiscal year 1983. (These are also shown in table 1.) --reducing Export-Import Bank activities to $2.7 billion from a level of $4.0 billion, 972909 011,73o

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