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094554 1 (1972-10-05)

handle is hein.gao/gaobacukg0001 and id is 1 raw text is: 094554 United States General Accounting Office Washington, D.C. 20548 For Release on Delivery ADDRESS BY THE COMPTROLLER GENERAL OF THE UNITED STATES, ELMER B. STAATS, BEFORE THE EXECUTIVES' CLUB OF CHICAGO CHICAGO, ILLINOIS OCTOBER 5, 1972 PUBLIC CONFIDENCE IN GOVERNMENT AND THE NEED FOR ACCOUNTABILITY I can think of no better way to underscore the impor- tance of my subject today than to highlight the severity of the fiscal problems facing the Federal Government. In- creasingly, fiscal decisions made in Washington are playing a part, directly or indirectly, in business investment deci- sions, pricing decisions, wage and salary decisions--indeed, the decisions of individuals in all walks of life. There must be confidence, therefore, that governmental fiscal de- cisions are made wisely, openly, and with the greatest pos- sible participation by those affected by them. And the best way to insure that this objective is achieved is to start by an understanding of the facts: --In the current fiscal year, which ends next June 30, the Government will incur a deficit forecast in the range of $30 billion to $35 billion. --Last year, the deficit was $23 billion. --The year before that, the deficit was $23 billion. I 7ofil

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