Budget Process Issues Concerning the 1990 Reconciliation Act

reportActive / Technical Report | Accesssion Number: AD1182577 | Open PDF

Abstract:

This report responds to your request that we examine the reconciliation process as it affects deficit reduction. At the time of the Omnibus Budget Reconciliation Act of 1990 (OBRA 90) enactment, overall savings from the multiyear deficit reduction agreement were estimated to be about$500 billion. However, the deficit has not dropped to the levels expected at that time. For example, the Congressional Budget Offices (CBO)projections in December 1990 showed that the fiscal year 1993 deficit would be $170 billion, but the actual deficit was $255 billion.

Author(s):
Posner, Paul L
Author Organization(s):
United States General Accounting Office
Funding Organization(s):
United States General Accounting Office, Washington , DC
Document Type:
Technical Report/Technical Report
Publication Date:
1994 Oct 07
Pagination:
51

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

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

RECORD

Collection: TRECMS
Subject Terms
Communities of Interest:
Biomedical
Descriptor(s):
personnel management, law, commerce, department of homeland security, department of veterans affairs, federal budgets, united states, accounting, congress, cost estimates, department of defense, governments, health care, money, agreements, discretionary spending, health services
Subject Categories:
Behavioral and Social Sciences; Behavioral and Social Sciences
Creation Date:
2022 Oct 18
Update Date:
2022 Dec 15