The Federal Government Doesn’t Know How Many Programs They Run
By Brett Rowland (The Center Square).
The federal government spends trillions of dollars a year on programs, but it doesn’t have an inventory of all federal programs despite a 2011 law that says they must be tracked.
Part of the problem is government agencies don’t agree on what constitutes a federal program, according to a new U.S. Government Accountability Office report.
RELATED: New Earmarks in Omnibus Spending Bill Cost $16 Billion
“This lack of a common definition – or at least a way to collect and present comparable information for programs that are defined differently – has hindered past efforts to develop an inventory,” According to the report.
A 2011 law The Office of Management and Budget is required to maintain an inventory of all federal programs on a publicly accessible website.
According to the GAO report, having financial and inventory information about federal programs would allow for the identification of fragmentation, overlap, and duplication, as well as a better understanding how the government works.
Twelve recommendations were made by the GAO to the Office of Management and Budget since 2014. “effectively plan for and create a program inventory that provides complete, comparable and useful information.”
Support Conservative Voices!
Register to Receive the Latest Get political news, insights, and commentary directly to your inbox
RELATED: CBO Projects Social Security Funds to be Exhausted by 2033 Without Changes
In November 2021, the Office of Management and Budget published a plan for program inventory implementation. According to the report, this plan includes a number of pilot programs and will be fully implemented by 2025 as required by law.
“Given the size and scope of the federal government, developing a complete inventory of federal programs is a complex undertaking,” The report states that
In fiscal year 2022, the federal government spent $6.27 trillion and collected $4.90 trillion in revenue, resulting in $1.38 trillion deficit, according to the U.S. Treasury.
Syndicated with permission of The Center Square
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
Now loading...