GAO ISSUES FIRST ANNUAL REPORT ON THE FEDERAL GOVERNMENT'S FISCAL HEALTH

GAO logoWashington, D.C. (January 17, 2017) – Beginning an effort to examine the nation’s fiscal heath at the start of each year, the U.S. Government Accountability Office (GAO) today issued its first annual outlook on the nation’s fiscal future. The work warns of mounting debt and other challenges, urges prompt action to address those challenges, and is designed to help inform Congress and the incoming administration.  GAO encourages the development of a long-term plan that will address levels of federal spending and investments and the options to obtain needed resources.

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