Budget Issues: Treasury's Interest Rate Calculation Changes

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Correspondence issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO reported on the Department of the Treasury's decision to change the calculation of the interest rates used since 1980 to determine the investment returns for a number of government trust funds, including Social Security and Medicare, focusing on: (1) how and why Treasury changed its rules for calculating interest rates in 1980 and 1998; (2) the effects of these changes on the unified budget and on the financial status of Social Security and Medicare trust funds; and (3) what other trust funds ... continued below

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United States. General Accounting Office. May 28, 1999.

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Description

Correspondence issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO reported on the Department of the Treasury's decision to change the calculation of the interest rates used since 1980 to determine the investment returns for a number of government trust funds, including Social Security and Medicare, focusing on: (1) how and why Treasury changed its rules for calculating interest rates in 1980 and 1998; (2) the effects of these changes on the unified budget and on the financial status of Social Security and Medicare trust funds; and (3) what other trust funds were affected by Treasury's decision."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • May 28, 1999

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  • June 12, 2014, 7:50 p.m.

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United States. General Accounting Office. Budget Issues: Treasury's Interest Rate Calculation Changes, text, May 28, 1999; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc295572/: accessed July 20, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.