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AFMD-92-64R 1 (1992-05-18)

handle is hein.gao/gaobackaz0001 and id is 1 raw text is: Umited States General Accounting Office Washington, D.C. 20548 Accounting and Financial Management Division B-248591 M a y 1 8 , h1 9 9 2 E m r Mr. Richard Emery Deputy Assistant Director for 146647 Budget Review and Concepts Executive Office of the President Office of Management and Budget Dear Mr. Emery: I appreciate the opportunity you provided to comment on the Office of Management and Budget's (OMB) Circular No. A-11. As you may know, I was recently selected to head GAO's Budget Issues work, and some delay occurred in developing our comments as a result of my transition. I have enclosed our technical comments with this letter and hope they will still prove useful in your review of the circular. Beyond these specific comments, there are several GAO projects underway, discussed below, which could have a future bearing on budget preparation issues addressed in the circular. -- Improving linkages between accounting and budgeting at the Department of Veterans Affairs, including an assessment of the potential value of accrual or cost- based concepts in preparing the agency's budget. -- Re-examining our restructured budget proposal to better highlight the investment implications of federal programs, as well as appropriate ways to identify trust and enterprise programs. -- Addressing the need for a fiscal planning process explicitly linking budget policy to its effects on long- term economic growth to provide a better framework to consider the costs and benefits of deficit reduction. -- Reviewing the development and use of performance measures as an important tool to improve policymaking and the operations of the federal government. GAO/AFMD-92-64R, A-Il Comments 0I 5t Ior