Testimony of Charles A. Bowsher, Comptroller General of the United States, Before the Joint Economic Committee on Defense Inflation Budgeting

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Abstract:

Thank you for asking me to appear before you today to discuss budgeting for inflation in the Department of Defense. In May of 1985, Secretary Weinberger announced that he had found $4 billion in excess funds that he attributed to management improvements and inflation savings. He requested that these funds be reapplied to meet defense needs identified in the fiscal year 1986 budget. Secretary Weinberger's announcement raised congressional concerns about the size of DOD's inflation dividend and the total amount of excess funds that might still be available.

Author(s):
Bowsher, Charles A
Author Organization(s):
GENERAL ACCOUNTING OFFICE WASHINGTON DC
Funding Organization(s):
CONGRESS (US) WASHINGTON DC, WASHINGTON , DC
Document Type:
Technical Report/Congressional Testimony
Publication Date:
1986 Jul 18
Pagination:
9

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution Code:
A - Approved For Public Release
Distribution Statement: Public Release

RECORD

Collection: TRECMS
Subject Terms
Communities of Interest:
Weapons Technologies
Descriptor(s):
financial management, department of defense, weapon systems, congress, procurement, weapons, accounting, acquisition, budgets, business administration, military budgets, united states, price index, contracts, law, management personnel
Keyword(s):
inflation savings, excess funds, inflation budgeting
Subject Categories:
Military Sciences; Behavioral and Social Sciences
Creation Date:
2022 Aug 15
Update Date:
2022 Oct 20