Fiscal Exposures: Selected Risks Facing the Federal Budget

Landon P. Merrill (Editor)

Series: Economic Issues, Problems and Perspectives
BISAC: BUS006000



Volume 10

Issue 1

Volume 2

Volume 3

Special issue: Resilience in breaking the cycle of children’s environmental health disparities
Edited by I Leslie Rubin, Robert J Geller, Abby Mutic, Benjamin A Gitterman, Nathan Mutic, Wayne Garfinkel, Claire D Coles, Kurt Martinuzzi, and Joav Merrick


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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)


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


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