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 <subject>Budget deficit</subject>
 <subject>Deficit reduction</subject>
 <subject>Fiscal policies</subject>
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<titleInfo>
 <title>Addressing the Deficit: Budgetary Implications of Selected GAO Work</title>
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<abstract>GAO provided updated information on options that could be used to reduce
the deficit, focusing on the budgetary implications of selected program
reforms discussed in GAO&apos;s work but not yet implemented or enacted.&lt;p/&gt;GAO noted that: (1) clearly, Congress has many available options for
dealing with the deficit; (2) under the Budget Enforcement Act (BEA), as
amended, the spending and revenue options included in the report could
be used either to reduce the deficit or to free up funds for other
programs; (3) under the pay-as-you-go rules of BEA, savings from direct
spending programs (entitlement and mandatory programs) or revenue
options would reduce the deficit unless these savings were used to
offset either direct spending program expansions or tax cuts; (4) for
discretionary spending programs, savings from changes would contribute
to additional deficit reduction if BEA caps on discretionary spending
were lowered; otherwise, the savings would be available for use in other
discretionary programs; (5) although GAO derived the options from its
existing body of work, there are similarities with other deficit
reduction proposals; and (6) the analytical framework for considering
individual deficit reduction options focused on reassessing objectives,
redefining beneficiaries, and improving efficiency.</abstract>
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 <topic>Deficit reduction</topic>
 <topic>Fiscal policies</topic>
 <topic>Budget cuts</topic>
 <topic>Budget outlays</topic>
 <topic>Budget administration</topic>
 <topic>Spending legislation</topic>
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  <partNumber>Title 10 Section 2403</partNumber>
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  <title>United States Public Law 426 (92nd Congress)</title>
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 <identifier type="public law citation">Public Law 92-426</identifier>
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  <title>United States Public Law 430 (103rd Congress)</title>
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  <title>United States Public Law 193 (104th Congress)</title>
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