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:

  • 376 new people
  • 171 new organizations
  • 408 new photos
  • 1234 job history records for people in our database
  • 653 education records for people in our database
  • 1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 3 new people through the revolving door
  • 109 new policy reports
  • 43 new trips to our privately funded travel database
  • 629 new personal financial disclosures
  • 15148 new press releases
  • 11 new town halls
  • 25 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Budget and Spending: Deficit Reduction

  Premium   Download PDF Now (2 pages)
Report Type Reports and Testimonies
Report Date Feb. 18, 1994
Report No. AIMD-94-79R
Subject
Summary:

Pursuant to a congressional request, GAO reviewed the need for continued deficit reduction and how the current deficit outlook compares to its "no action" scenario. GAO noted that: (1) the "no action" alternative was intended to illustrate the need to take action before external events forced belated policy changes; (2) the Congressional Budget Office (CBO) estimates that the Omnibus Budget Reconciliation Act of 1993 will reduce the deficit by $433 billion from 1994 through 1998; (3) CBO projects that the deficit will be 3.1 percent of the gross domestic product (GDP) in 2003, down from its projections of 6.8 percent a year ago; (4) CBO projects that the deficit and federal debt will increase after 1998, rising from 2.2 percent of GDP in 1998 to 3.3 percent in 2004; and (5) further programmatic policy actions are necessary to bring the deficit down.

« 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