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Financial Audit: U.S. Government劌製 Fiscal Years 2013 and 2012 Consolidated Financial Statements
Gene L. Dodro (au)
This report transmits GAO劌製 report on the results of their audit of the U.S. government劌製 FY 2013 and 2012 consolidated financial statements, which is incorporated in the enclosed 2013 Financial Report of the U.S. Government prepared by the U.S. Dept. of the Treasury. During FY 2013, the federal government劌製 reported unified budget deficit decreased by about $409 billion to approx. $680 billion. However, the federal government continues to face an unsustainable long-term fiscal path. To operate as effectively and efficiently as possible and to make difficult decisions to address the federal government劌製 fiscal challenges, 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. Overall, significant progress has been made since the enactment of key federal financial management reforms in the 1990s; however, this report underscores that much work remains to improve federal financial management, and these improvements are urgently needed. Figures. This is a print on demand report.
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