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Tag Archives: Dawn Simpson
The Nation’s Fiscal Health: A Warning about the Government’s Finances
Without a change in law or policy, the gap between the amount of money the federal government collects and the amount it spends will continue to grow, likely reaching $1 trillion in the next few years. We issued our third … Continue reading
Posted in Budget and Spending, Fiscal Outlook and The Debt, Podcast, Video
Tagged Dawn Simpson, debt-to-GDP ratio, federal debt, financial reports, fiscal condition, fiscal health, fiscal outlook, GDP, interest, long-term debt, Medicaid, medicare, national debt, Robert Dacey, SI, simulation, Susan Irving
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Did You Know the Government Gets Audited, Too?
Tax season has many people diligently filing their returns to avoid being audited. While the federal government is not a tax-paying entity, it actually undergoes an audit of its financial statements every year. How do we know? Because we perform … Continue reading
Posted in Auditing and Financial Management, Budget and Spending, Video
Tagged annual audit, consolidated financial statements, Dawn Simpson, Department of Defense, Department of the Treasury, financial audits, financial reports, fiscal outlook, FMA, improper payments, information security, loans receivable, Office of Management and Budget
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The Nation’s Precarious Fiscal Future
The United States faces a highly challenging fiscal future. Absent change in policy, the federal fiscal path is unsustainable—debt is growing faster than the economy (GDP). This springs from the continuing gap between the amount of money the federal government … Continue reading
Posted in Budget and Spending, Fiscal Outlook and The Debt, Graphic, Podcast, Video
Tagged Dawn Simpson, federal debt, federal spending, fiscal future, fiscal health, FMA, GDP, Robert Dacey, SI, simulation, Susan Irving
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U.S. Government’s Financial Report
Did you know that there’s a single document that contains nearly all of the federal government’s yearly financial information? It’s called the 2017 Financial Report of the United States Government and the Department of the Treasury published it today. Treasury, … Continue reading