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Budget Issues: Budget Enforcement Compliance Report

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Report Type Reports and Testimonies
Report Date Jan. 23, 1998
Report No. AIMD-98-57
Subject
Summary:

This report assesses compliance by the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) with the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, more commonly known as Gramm-Rudman-Hollings. GAO reviewed OMB and CBO reports issued under the act to determine if they complied with all of the act's requirements. This report determines if the reports reflected all of the technical requirements specified by Gramm-Rudman-Hollings, such as (1) estimates of the discretionary spending limits, (2) explanations of any adjustments to the limits, (3) estimates of the amount of net deficit increase or decrease, and (4) the sequestration percentages necessary to achieve the required reduction in the event of a sequester.

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