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PAD-78-72 1 (1978-07-27)

handle is hein.gao/gaobaaxpb0001 and id is 1 raw text is: REPORT BY THE Comptroller General O F THE UNITED STATES IIIIIIIIIIIIIIIII/IIII/IIII/_.__ Budget Authority For Foreign Military Sales Is Substantially Understated The Office of Management and Budget and the Department of Defense recently changed the method of recording budget authority within the foreign military sales trust fund. The level of that program is now greatly understated--by $2.6 billion in fiscal year 1977. The new procedure is contrary to sound budgetary policy and decreases congressional budgetary control over foreign military sales. Furthermore, the change affects the congres- sional budget resolutions and scorekeeping. Unless the new method is changed the under- statement will continue. GAO recommends that the Director, Office of Management and Budget, and the congression- al Committees on the Budget require that the calculation of foreign military sales trust fund budget authority be based on total, new ac- ceptances. GAO also recommends that the Congress en- act legislation to limit total, new foreign mil- itary sales acceptances for a fiscal year to the amounts specified in annual authorizing and/or appropriation acts. . I PAD-78-72 4CCOU.~ JULY 27, 1978

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