Showing posts with label GAO. Show all posts
Showing posts with label GAO. Show all posts
Monday, September 26, 2011
Performance Auditing Best Practice
Climate Engineering: Technical Status, Future Directions, and Potential Responses;
Climate engineering technologies do not now offer a viable response to global climate change. Experts advocating research to develop and evaluate the technologies believe that research on these technologies is urgently needed or would provide an insurance policy against worst case climate scenarios--but caution that the misuse of research could bring new risks. Government reports and the literature suggest that research progress will require not only technology studies but also efforts to improve climate models and data. The technologies being proposed have been categorized as carbon dioxide removal (CDR) and solar radiation management (SRM). CDR would reduce the atmospheric concentration of CO2, allowing more heat to escape and thus cooling the Earth. For example, proposed CDR technologies include enhancing the uptake of CO2 in oceans and forests and capturing CO2 from air chemically for storage underground. SRM technologies would place reflective material in space or in Earth's atmosphere to scatter or reflect sunlight (for example, by injecting sulfate aerosols into the stratosphere to scatter incoming solar radiation or brightening clouds) or would increase the planet's reflectivity (for example, by painting roofs and pavements in light colors). GAO found these technologies currently immature, many with potentially negative consequences. Some studies say, for example, that stratospheric aerosols might greatly reduce summer precipitation in places such as India and northern China. Many experts advocated research because of its potential benefits but also recognized its risks. For example, a country might unilaterally deploy a technology with a transboundary effect. Research advocates emphasized the need for risk management, envisioning a federal research effort that would (1) focus internationally on transparency and cooperation, given transboundary effects; (2) enable the public and national leaders to consider issues before they become crises; and (3) anticipate opportunities and risks. A small number of those we consulted opposed research; they anticipated major technology risks or limited future climate change. Based on GAO's survey, a majority of U.S. adults are not familiar with climate engineering. When given information on the technologies, they tend to be open to research but concerned about safety.
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Climate Crisis,
Environment,
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Reports_Books,
Sciences
Wednesday, July 28, 2010
Why is Peter Orszag leaving?
Mr. Orszag, you may recall, was the administration’s main proponent of “bending the curve” on health care expenditures. Frustrated that House Democrats wouldn’t accept some painful cost-cutting measures in the new health care law, Mr. Orszag pushed for and won a controversial provision to create something called the Independent Payment Advisory Board. This is an outside commission of 15 appointees who will, beginning in 2014, identify cuts to Medicare if the plan exceeds a preset rate for growth. Congress then has to either approve the cuts or propose an alternative.-Budget Chief tried to tilt power to Executive Branch
The significance of this new advisory board goes well beyond the immediate question of how to rein in Medicare costs. Mr. Orszag, who declined to be interviewed, has said that the board represented, for Congress, the “single-biggest yielding of power to an independent entity since the creation of the Federal Reserve.” In other words, the Medicare Board isn’t only a means of cutting government spending; it is a means, too, of wresting the constitutional responsibility for budgeting away from powerful committee chairmen.
The Medicare Board may be the most striking example of this strategy, but it is hardly the only one. Mr. Orszag also helped broker the creation of an 18-member debt commission that will offer specific alternatives for re-ordering the federal budget. The administration has also proposed a bill — known in the punchy language of Washington as “expedited rescission authority” — that would effectively give the president the power to strike out spending items after the budget has been approved.
Labels:
Budget,
GAO,
Legislature,
People,
Political Economy,
Profiles,
United States
Saturday, November 14, 2009
Recently from GAO
International Monetary Fund: Lending Programs Allow for Negotiations and Are Consistent with Economic Literature;
2010 Census: Census Bureau Has Made Progress on Schedule and Operational Control Tools, but Needs to Prioritize Remaining System Requirements
Operation Iraqi Freedom: Preliminary Observations on DOD Planning for the Drawdown of U.S. Forces from Iraq;
Millennium Challenge Corporation: MCC Has Addressed a Number of Implementation Challenges, but Needs to Improve Financial Controls and Infrastructure Planning
Bureau of Prisons: Methods for Cost Estimation Largely Reflect Best Practices, but Quantifying Risks Would Enhance Decision Making;
Troubled Asset Relief Program: Continued Stewardship Needed as Treasury Develops Strategies for Monitoring and Divesting Financial Interests in Chrysler and GM
U.S. Government Accountability Office: Performance and Accountability Report Fiscal Year 2009
IMF-supported programs in the four countries GAO reviewed--Liberia, Zambia, Hungary, and Iceland--include different sets of objectives, targets, and conditions that reflect country circumstances, based on negotiations between the IMF staff and country officials. In postconflict Liberia, the program focuses on rebuilding capacity and contains a target for maintaining a balanced budget with no borrowing. In Zambia--a country negatively affected by the recent economic crisis--the IMF-supported program is designed to increase economic growth, reduce poverty, and improve governance. Hungary, which faced a rising risk of default, has a program that focuses on restoring investor confidence while reducing debt and expenditures. A banking and currency collapse in Iceland precipitated the IMF-supported program, which contains some controversial approaches to monetary policy and banking reform. All four countries are making progress but face challenges in implementing conditions or achieving targets in their IMF-supported programs. The macroeconomic policies in IMF-supported programs are broadly consistent with the findings of the empirical literature GAO reviewed, although this literature lacks precise guidance for setting policy targets. For low-income countries, empirical evidence generally suggests inflation is detrimental to economic growth after it exceeds a critical threshold, which is broadly consistent with the inflation targets included in the IMF-supported programs we reviewed. For middle- and high-income countries, the literature identified specific policy weaknesses in advance of crises, including high inflation, high public indebtedness, and low international reserves. These weaknesses are consistent with the policies upon which the IMF focuses in the 13 programs in middle- to high-income countries GAO reviewed.
2010 Census: Census Bureau Has Made Progress on Schedule and Operational Control Tools, but Needs to Prioritize Remaining System Requirements
Operation Iraqi Freedom: Preliminary Observations on DOD Planning for the Drawdown of U.S. Forces from Iraq;
DOD has yet to fully determine its future needs for contracted services. Second, the potential costs and other concerns of transitioning key contracts may outweigh potential benefits. Third, DOD lacks sufficient numbers of contract oversight personnel. Fourth, key decisions about the disposition of some equipment have yet to be made. Fifth, there are longstanding incompatibility issues among the information technology systems that may undermine the equipment retrograde process. And sixth, DOD lacks precise visibility over its inventory of some equipment and shipping containers.
Millennium Challenge Corporation: MCC Has Addressed a Number of Implementation Challenges, but Needs to Improve Financial Controls and Infrastructure Planning
Industry best practices and past GAO work have shown that conducting design reviews and updating cost estimates prior to contract solicitation help to ensure that projects can be successfully bid and constructed.
Bureau of Prisons: Methods for Cost Estimation Largely Reflect Best Practices, but Quantifying Risks Would Enhance Decision Making;
BOP uses three general steps to estimate costs for its annual budget submission: (1) estimating cost increases to maintain service levels, such as inmate medical care and utilities; (2) projecting inmate population changes for the budget year and for several years into the future using a modeling program that incorporates data on the current inmate population and estimated incoming population and associated sentences; and (3) estimating costs to both provide additional capacity to house projected inmate population growth and implement new programs, such as activating new prisons. BOP's methods for cost estimation largely reflect best practices outlined in GAO's Cost Estimating and Assessment Guide
Troubled Asset Relief Program: Continued Stewardship Needed as Treasury Develops Strategies for Monitoring and Divesting Financial Interests in Chrysler and GM
U.S. Government Accountability Office: Performance and Accountability Report Fiscal Year 2009
Labels:
Budget Process,
Costing,
GAO,
IMF,
Must Reads,
Performance,
Procurement,
SAIs
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