BUDGET ISSUES: Accrual Budgeting Useful in Certain Areas but Does Not Provide Sufficient Information for Reporting on Our Nation's Longer-Term Fiscal Challenge

December 2007
GAO Reports;12/24/2007, preceding pi
Government Document
The article offers information about the study which examines the government financial conditions and fiscal outlook conducted by the Government Accountability Office (GAO) in the U.S. The study indicates that financial condition and fiscal outlook have deteriorated since 2000 and the federal budget has gone from surplus to deficit. It is suggested that increased information and better incentives can help put our nation on a more sound fiscal footing.


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