1993 Navy Budget

In reviewing the Navy's justification for its fiscal year 1993 weapons procurement budget request and prior-year appropriations, GAO identified $55.3 million in potential reductions to the fiscal year 1993 budget request and $327.5 million in potential rescissions from appropriated funds for fiscal years 1991 and 1992. GAO also identified for potential rescission $130 million in fiscal year 1992 funds for the Harpoon missile program and $13.2 million in fiscal year 1992 funds for the Weapons Industrial Facilities program. A Defense Department (DOD) comptroller is withholding these funds as part of the debate on how money should be spent for defense. In addition, another potential rescission of $83.3 million exists from fiscal years 1990 through 1992 funds. These funds are being held in reserve by DOD comptrollers. This potential rescission is due to program funds that were either being held pending a program review decision or were no longer needed for the purposes specified to fund the program.

GAO found that: (1) the Navy's FY 1993 budget request could potentially be reduced by $55.3 million; (2) $327.5 million could potentially be rescinded from appropriated funds for FY 1992 and 1991; (3) $130 million in FY 1992 funds for the Harpoon missile program and $13.2 million in FY 1992 funds for the Weapons Industrial Facilities program could potentially be rescinded; (4) these funds are being withheld by the Office of the Assistant Secretary of Defense, Comptroller; (5) $83.3 million from FY 1990 through FY 1992 funds could potentially be rescinded; and (6) these funds are being held in reserve by the Office of the Secretary of Defense and the Navy Comptroller.