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Budget Issues: Budget Enforcement Compliance Report

  Premium   Download PDF Now (48 pages)
Report Type Reports and Testimonies
Report Date May 31, 2000
Report No. AIMD-00-174
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. GAO's assessment covers reports issued by OMB and CBO for legislation enacted during the first session of the 106th Congress, which ended in November 1999. According to CBO's final sequestration report issued in December 1999, discretionary outlays for all spending categories combined are estimated to exceed the spending limits by $16.6 billion for fiscal year 2000. CBO estimates that a four percent sequestration would be required for the overall discretionary category. In contrast, OMB's Final Sequestration Report, issued in January 2000, estimates that no sequestration of discretionary spending will be required for fiscal year 2000. There will be no sequester in fiscal year 2000 because, by law, OMB's estimates are controlling.

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