ABSTRACT

Fiscal Exposures: Federal Insurance and Other Activities That Transfer Risk or Losses to the Government, Report to Congressional Requesters   [open pdf - 1024KB]

From the Document: "GAO [Government Accountability Office] was asked to update information on federal insurance activities it created in 2005 (GAO-05-265R) and identify opportunities for improving budgeting for such activities. This report (1) identifies and provides costand exposure-related information on federal activities that transfer risk or losses to the government, and (2) illustrates challenges GAO identified in past reports with measuring and reporting fiscal exposures in budget documents. GAO primarily reviewed government-wide financial and budget data, the Catalog of Federal Domestic Assistance, and the U.S. Code. GAO also drew on previous work, conducted interviews with the Office of Management and Budget, Department of the Treasury, and other agencies, and reviewed agency financial and budget documents. [...] This analysis provides additional support for GAO's 2007 recommendation that Congress consider improving recognition of fiscal exposures in budget documents such as by expanding use of information on expected future spending arising from present-day commitments."

Report Number:
GAO-19-353
Publisher:
Date:
2019-03
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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