GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
What GAO Found Commonwealth of Puerto Rico (Puerto Rico): Puerto Rico remains in default. It has finalized three debt restructuring agreements or settlements to date, pursuant to three distinct legal approaches, and it is using one of these approaches to restructure additional debt.
What GAO Found About 1.6 percent of the total available budget authority government-wide was cancelled from fiscal year 2009 to fiscal year 2019, averaging $23.9 billion per year. The variations in cancelled appropriations from year to year can be explained largely by trends in four departments.
What GAO Found While HIV infection rates have declined in Sub-Saharan Africa since 2010, the doubling of the youth population—a group particularly vulnerable to acquiring new HIV infections—partially offset the rate of decline, according to the Joint United Nations Program on HIV/AIDS (UNAIDS).
What GAO Found Deficiencies in internal control over financial reporting and other limitations on the scope of GAO's work resulted in conditions that prevented GAO from expressing an opinion on the Schedules of the General Fund as of and for the fiscal year ended September 30, 2020.
What GAO Found During GAO's audit of the Schedules of Federal Debt managed by the Department of the Treasury's Bureau of the Fiscal Service (Fiscal Service) for the fiscal years ended September 30, 2020, and 2019, GAO determined that information system control deficiencies—primarily unresolved deficiencies...
What GAO Found To operate as effectively and efficiently as possible, Congress, the administration, and federal managers must have ready access to reliable and complete financial and performance information—both for individual federal entities and for the federal government as a whole.
The Government’s Fiscal Condition in 2020 Reflects Response to the Pandemic The COVID-19 pandemic has resulted in catastrophic loss of life and substantial damage to the global economy, stability, and security. This continuing crisis prompted a major federal response.