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122552 1 (1983-10-05)

handle is hein.gao/gaobacvfz0001 and id is 1 raw text is: Budget Reform and the Federal Financial Management System by Harry S. Havens Assistant Comptroller General of the United States Prepared for Delivery at the Annual Conference on Taxation of the National Tax Association-- Tax Institute of America Seattle, Washington October 5, 1983 It is no secret that the Federal Government today faces a budget problem of astonishing proportions. When I first joined the Budget Bureau, we were struggling with a budget that totalled $100 billion. Today, interest outlays alone exceed that amount. When I came to the General Accounting Office, total outlays were $266 billion. Today, people are seriously discussing the possibility of deficits of that magnitude in the next few years. It is evident to me, and to many other people, that we have a problem. Most of the attention has focussed on the difficulty in achieving a political consensus on the best way to close the deficit. Given the present distribution of political ,),b Ll LA -7, I

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