United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-04-27 monographic deposited born digital GA 1.13:AIMD-94-41 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-94-41 P0b002ee180386c73 f:ai94041 DGPO 2010-08-12 2011-03-28 GAOREPORTS-AIMD-94-41 machine generated eng fdlp REPORT GAOREPORTS-AIMD-94-41 AIMD-94-41 Fiscal policies Budget administration Future budget projections Economic policies National policies Economic analysis Gross National Product Economic research Budgeting Canada France Germany Italy Japan United Kingdom Sweden Australia Letter Report AIMD The gross domestic product (GDP) budgeting concept can be a useful tool because it broadens the debate beyond federal revenue and spending policies by including information on the allocation of total GDP. In a mixed economy, national goals are achieved both through federal tax or spending programs and other policy options, such as regulation, and through the actions of the state, local, and private sectors. Federal policy decisions affect the behavior of individuals, private entities, and state and local governments. The country achieves its national objectives through the use of all economic resources, not just those allocated through the federal budget process. Considering all economic sectors when developing federal taxing and spending policies could help budget decisionmakers better achieve desired economic outcomes. Although international comparisons can improve policy decisionmaking, there are limits to the data. Data for these type of comparisons are not always readily available, and it can be hard to achieve comparability because of socioeconomic or demographic factors. More important, data on resources allocated to economic sectors do not necessarily reflect the outcomes that are received. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-94-41/html/GAOREPORTS-AIMD-94-41.htm GAO/AIMD-94-41 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-94-41 Letter Report GAO/AIMD-94-41; Budget Issues: GDP Analysis Broadens Budget Debate; Fiscal policies Budget administration Future budget projections Economic policies National policies Economic analysis Gross National Product Economic research Budgeting Canada France Germany Italy Japan United Kingdom Sweden Australia