About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

PAD-81-22 1 (1980-12-31)

handle is hein.gao/gaobabblg0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Iiq I3% Report To The Congress OF THE UNITED STATES Federal Budget Totals Are Understated Because Of Current Budget Practices The Government's practice is to offset (sub- tract) certain types of revenues when com- puting and reporting budget outlay and reve- nue totals. This understates outlay and revenue totals since they are reported on a net rather than gross basis. Additionally, budget totals are further underreported because of the off-budget status of certain Federal activities. GAO believes that budget totals would be more meaningful if these offsetting and off-budget practices were eliminated. If these changes were made: -total outlays would be about $120 billion higher, -total revenues would be about $102 billion higher, and -the deficit would be about $18 billion higher. Fully disclosing total levels of Federal acti- vities would allow the Congress to more ef- fectively exercise control over the Federal budget. /I., /93 /, 'III11111f1' Ill lllliii 114156 PAD-81-22 DECEMBER 31, 1980 id J

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most