Budget Issues: Agency Implementation of Capital Planning Principles Is Mixed;Report to the Congress

摘要

In fiscal year 2002, the federal government spent nearly ;100 billion on capital investments intended to yield long-term benefits for its own operations. Interested in ensuring that good investment decisions are made, the Chairman and Ranking Minority Member, Subcommittee on Government Efficiency and Financial Management, House Committee on Government Reform, asked GAO to evaluate agency experiences with the capital planning principles embodied in the Office of Management and Budget's (OMB) Capital Programming Guide and GAOs Executive Guide on leading state, local, and private sector capital investment practices. This report examines selected agencies implementation of this guidance and OMB's use of long-term capital planning data.