Fiscal Exposures: Improving Cost Recognition in the Federal Budget
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "Fiscal exposures may be explicit in that the federal government is legally required to pay for the commitment; alternatively, it may be implicit in that the exposure arises from expectations based on current policy or past practices. The nine programs GAO examined illustrate the range of federal fiscal exposures (see figure) and how they can change over time. Also, some programs may have elements of bot…
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Date:
October 29, 2013
Creator:
United States. Government Accountability Office.
Partner:
UNT Libraries Government Documents Department