Budget Issues: Budgeting for Capital

In order to promote an efficient public sector and a healthy and growing economy, the federal government should make explicit and well thought out decisions on national investments that will foster long term economic growth as well as on spending for federal capital that provides long term benefits to the governments own operations. The creation of an investment component within the federal budget could help the Congress and the President make more informed decisions regarding an appropriate mix of spending while retaining the strengths and discipline fostered by a unified budget and the current congressional budget process.