The Congress Should Control Federal Credit Programs to Promote Economic Stabilization.

Abstract

Federal credit assistance programs have contributed little to U.S. economic stability since 1960. The current rate of direct and guaranteed loan flows will exceed $70 billion annually in fiscal 1981. Recently, the Congress and the Administration have proposed a credit budget to limit the rapid growth of Federal credit. GAO demonstrates in this report that the best point of program control is the amount of the interest rate subsidy. Controlling subsidy levels rather than program activity levels would allocate credit efficiently and would, at the same time, lead to Federal credit flows that would contribute to the economic stabilization goals of the Federal Government.

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Document Details

Document Type
Technical Report
Publication Date
Oct 21, 1981
Accession Number
ADA108558

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Energy and Power Technologies
  • Ground and Sea Platforms
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Accounting
  • Budgets
  • Congress
  • Control Systems
  • Databases
  • Economic Policy
  • Equations
  • Finance
  • Governments
  • Investments
  • Monetary Policy
  • Money
  • National Governments
  • Regression Analysis
  • Statistical Analysis
  • United States
  • United States Government

Fields of Study

  • Economics

Readers

  • Defense Financial Management and Audit.
  • International Relations and European Studies
  • Life Cycle Cost Analysis