Fiscal Exposures: Selected Risks Facing the Federal Budget


Landon P. Merrill (Editor)

Series: Economic Issues, Problems and Perspectives
BISAC: BUS006000

Fiscal exposures may be explicit in that the federal government is legally required to pay for the commitment; alternatively, it may be implicit in that the exposure arises from expectations based on current policy or past practices. The federal government’s long-term fiscal imbalances are driven on the spending side by the effects of an aging population and rising health care costs on Social Security and major federal health programs.

However, GAO identified a variety of other fiscal exposures—responsibilities, programs, and activities that may legally commit or create the expectation for future federal spending—that vary as to source, extent of the government’s legal commitment, and magnitude. This book examines selected programs that create a fiscal exposure, including the extent and estimated magnitude of the government’s legal commitment; and assesses how fiscal exposures could be better recognized in the budget.
(Imprint: Nova)

Table of Contents

Table of Contents


Chapter 1 – Fiscal Exposures: Improving Cost Recognition in the Federal Budget (pp. 1-44)
United States Government Accountability Office

Chapter 2 – Budget Issues: Opportunities to Reduce Federal Fiscal Exposures Through Greater Resilience to Climate Change and Extreme Weather (pp. 45-60)
Alfredo Gomez

Chapter 3 – Disaster Resilience: Actions Are Underway, but Federal Fiscal Exposure Highlights the Need for Continued Attention to Longstanding Challenges (pp. 61-80)
Chris Currie

Chapter 4 – Extreme Weather Events: Limiting Federal Fiscal Exposure and Increasing the Nation’s Resilience (pp. 81-94)
Mark Gaffigan


Publish with Nova Science Publishers

We publish over 800 titles annually by leading researchers from around the world. Submit a Book Proposal Now!