Improved Budget Estimates: Public Debt and Duplication Avoidance
This act aims to increase transparency in government spending. It will provide citizens with a clearer view of public debt servicing costs and identify where government programs might overlap, potentially leading to wasted taxpayer money. This will help in better management of public finances.
Key points
Cost estimates for new laws will now include projected public debt servicing costs, providing a more complete picture of financial burdens.
Reports will also list federal agencies or programs with similar goals, which can help identify and eliminate unnecessary duplication of efforts.
Expired
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