Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1739 new people
  • 124 new organizations
  • 991 new photos
  • 2117 job history records for people in our database
  • 641 education records for people in our database
  • 2487 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 107 new policy reports
  • 3 new trips to our privately funded travel database
  • 323 new personal financial disclosures
  • 6604 new press releases
  • 1 new town hall
  • 28 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Budget and Spending: Budget Deficit

  Premium   Download PDF Now (4 pages)
Report Type Reports and Testimonies
Report Date Feb. 22, 1994
Report No. AIMD-94-83R
Subject
Summary:

Pursuant to a congressional request, GAO reviewed the short- and long-term effects of deficit reduction on the economy, focusing on the: (1) benefits of adopting a balanced budget amendment to the Constitution; and (2) long-term deficit outlook. GAO noted that: (1) although it has not endorsed a balanced budget amendment, it has supported making programmatic policy choices that would lead to a more balanced budget; (2) its 1992 economic model was not designed to forecast the short-term effects of deficit reduction on the economy, but to achieve deficit reduction of no more than 0.5 percent of the gross national product per year; (3) the deficit outlook has improved since 1992; and (4) the Congressional Budget Office projects that the Omnibus Budget Reconciliation Act will reduce the deficit by $433 billion from 1994 through 1998, and the deficit will be 3.1 percent of the gross domestic product in 2003.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com