DoD Inflation: DoD's Inflation Dividends - May 1987 Update.
GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL AFFAIRS DIV
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GAO was asked to update its estimates of potential excess inflation funds within the Department of Defenses budget. In September 1986, GAO estimated a 3.5 billion inflation dividend for fiscal year 1987 nonpay, nonfuel accounts based on the August 1986 Office of Management and Budget OMB revised inflation rate estimates and the fiscal year 1987 budget request. Both of these factors have now changed, with appropriation action taken on the budget and OMB having issued revised inflation estimates. GAO recalculated the amount of DODs fiscal year 1987 inflation dividend based on the actual appropriated amounts and the revised OMB inflation projections included in DODs January 1987 budget submission. Appendix I contains a table comparing the revised estimate of the inflation dividends with congressional reductions for inflation adjustments by account. Appendix II discusses the methodology used to derive these estimates.
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