[Analytical Perspectives, Budget of the United States Government,
   Fiscal Year 1998][Page 99-141]


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                   SPECIAL ANALYSES AND PRESENTATIONS

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          6.  FEDERAL INVESTMENT SPENDING AND CAPITAL BUDGETING

  Investment spending is spending that yields long-term benefits. Its 
purpose may be to improve the efficiency of internal Federal agency 
operations or to increase the Nation's overall stock of capital for 
economic growth. The spending can be direct Federal spending or grants 
to State and local governments. It can be for physical capital, which 
yields a stream of services over a period of years, or for research and 
development or education and training, which are intangible but also 
increase income in the future or provide other long-term benefits.
  Most presentations in the Federal budget combine investment spending 
with spending for current use. This chapter focuses solely on Federal 
and federally financed investment. These investments are discussed in 
the following sections:
<bullet>    description of the size and composition of Federal 
          investment spending;
<bullet>    a discussion of capital assets used to provide Federal 
          services and efforts to improve planning and budgeting for 
          these assets. An Appendix to Part II presents the ``Principles 
          of Budgeting for Capital Asset Acquisitions,'' which are being 
          used to guide the analysis of agency requests for spending for 
          capital assets. These principles include a proposed new Budget 
          Enforcement Act scorekeeping rule to enforce full funding of 
          capital projects;
<bullet>    a presentation of trends in the stock of federally financed 
          physical capital, research and development, and education;
<bullet>    alternative capital budget and capital expenditure 
          presentations; and
<bullet>    projections of Federal physical capital outlays and recent 
          assessments of public civilian capital needs, as required by 
          the Federal Capital Investment Program Information Act of 
          1984.

                Part I: DESCRIPTION OF FEDERAL INVESTMENT

  For more than forty years, a chapter in the budget has shown Federal 
investment outlays--defined as those outlays that yield long-term 
benefits--separately from outlays for current use. This year, for the 
third consecutive year, the discussion of the composition of investment 
includes estimates of budget authority as well as outlays. For the first 
time, these estimates extend four years beyond the budget year to 2002.
  The classification of spending into investment and current outlays is 
a matter of judgment. The budget has historically employed a relatively 
broad classification, including physical investment, research, 
development, education, and training. But presentations for particular 
purposes could adopt different definitions of investment:
<bullet>    To suit the purposes of a traditional balance sheet, 
          investment might include only those physical assets owned by 
          the Federal Government, excluding capital financed through 
          grants and intangible assets such as research, education, and 
          training.
<bullet>    Focusing on the role of investment in improving national 
          productivity and enhancing economic growth would exclude items 
          such as national defense assets, the benefits of which are 
          enhanced national security rather than economic growth.
<bullet>    Concern with the efficiency of Federal operations would lead 
          to a focus solely on investments to reduce costs or improve 
          the effectiveness of internal Federal agency operations, such 
          as computer systems.
<bullet>    A ``social investment'' perspective might broaden the 
          coverage of investment beyond what is included in this chapter 
          to encompass programs such as childhood immunization, maternal 
          health, certain nutrition programs, and substance abuse 
          treatment, which are designed in part to prevent more costly 
          health problems in future years.
  The relatively broad definition of investment used in this section 
provides consistency over time: historical figures on investment outlays 
back to 1940 can be found in the separate Historical Tables volume. The 
detailed tables at the end of this section allow disaggregation of the 
data to focus on those investment outlays that best suit a particular 
purpose.
  In addition to this basic issue of definition, there are two technical 
problems in the classification of investment data, involving the 
treatment of grants to State and local governments and the 
classification of spending that could be shown in more than one 
category.
  First, for some grants to State and local governments it is the 
recipient jurisdiction, not the Federal Government, that ultimately 
determines whether the money is used to finance investment or current 
purposes. This analysis classifies all of the outlays in the category 
where the recipient jurisdictions are expected to spend most of the 
money. Hence, the community development block grant is classified as 
physical investment, although some may be spent for current purposes. 
General purpose fiscal assistance is classified as current spending, 
although some may be spent by recipient jurisdictions on physical 
investment.
  Second, some spending could be classified in more than one category of 
investment. For example, grants 

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for construction of research facilities 
finance the acquisition of physical assets, but they also contribute to 
research and development. To avoid double counting, the outlays are 
classified in the category that is most commonly recognized as 
investment. Consequently outlays for the conduct of research and 
development do not include outlays for research facilities, because 
these outlays are included in the category for physical investment. 
Similarly, physical investment and research and development related to 
education and training are included in the categories of physical assets 
and the conduct of research and development.
  When direct loans and loan guarantees are used to fund investment, the 
subsidy value is included as investment. The subsidies are classified 
according to their program purpose, such as construction, education and 
training, or non-investment outlays. For more information about the 
treatment of Federal credit programs,, refer to Chapter 8, 
``Underwriting Federal Credit and Insurance.''
  This section presents spending for gross investment, without adjusting 
for depreciation. A subsequent section discusses depreciation and shows 
investment and capital stocks both gross and net of depreciation.

                Composition of Federal Investment Outlays

                                                Major Federal Investment

  The composition of major Federal investment outlays is summarized in 
Table 6-1. They include major public physical investment, the conduct of 
research and development, and the conduct of education and training. 
Defense and nondefense investment outlays were $227.9 billion in 1996. 
Because of reductions in defense spending they are estimated to decline 
to $225.7 billion in 1997 and to $218.7 billion in 1998. Major Federal 
investment will comprise an estimated 13.0 percent of total Federal 
outlays in 1998 and 2.7 percent of the Nation's gross domestic product 
(GDP). Greater detail on Federal investment is available in tables 6-2 
and 6-3 at the end of this section. Those tables include both budget 
authority and outlays.
  Physical investment.--Outlays for major public physical capital 
investment (hereafter referred to as physical investment outlays) are 
estimated to be $102.8 billion in 1998. Physical investment outlays are 
for construction and rehabilitation, the purchase of major equipment, 
and the purchase or sale of land and structures. Slightly more than 
three-fifths of these outlays are for direct physical investment by the 
Federal Government, with the remaining being grants to State and local 
governments for physical investment.
  Direct physical investment outlays by the Federal Government are 
primarily for national defense. Defense outlays for physical investment 
were $55.0 billion in 1996 and are estimated to decline to $47.8 billion 
in 1998. Almost all of these outlays, or $43.2 billion, are for the 
procurement of weapons and other military equipment, and the remainder 
is primarily for construction of military bases, family housing for 
military personnel, and Department of Energy defense facilities.

          Table 6-1.  COMPOSITION OF FEDERAL INVESTMENT OUTLAYS         
                        (In billions of dollars)                        
------------------------------------------------------------------------
                                                           Estimate     
                                               1996  -------------------
                                             actual     1997      1998  
------------------------------------------------------------------------
     Major Federal Investment Outlays                                   
                                                                        
Major public physical capital investment:                               
   Direct Federal:                                                      
    National defense......................      55.0      50.6      47.8
    Nondefense............................      20.6      21.2      15.1
                                           -----------------------------
      Subtotal, direct major public                                     
       physical capital investment........      75.5      71.8      62.9
                                                                        
  Grants to State and local governments...      40.4      41.1      39.9
                                           -----------------------------
      Subtotal, major public physical                                   
       capital investment.................     115.9     113.0     102.8
                                                                        
Conduct of research and development:                                    
  National defense........................      39.4      38.9      37.4
  Nondefense..............................      29.0      31.4      32.8
                                           -----------------------------
    Subtotal, conduct of research and                                   
     development..........................      68.4      70.3      70.2
                                                                        
Conduct of education and training:                                      
  Grants to State and local governments...      24.7      26.1      27.1
  Direct Federal..........................      18.9      16.3      18.5
                                           -----------------------------
    Subtotal, conduct of education and                                  
     training.............................      43.6      42.5      45.6
                                           -----------------------------
Total, major Federal investment outlays...     227.9     225.7     218.7
                                                                        
                MEMORANDUM                                              
                                                                        
Major Federal investment outlays:                                       
  National defense........................      94.4      89.6      85.3
  Nondefense..............................     133.4     136.1     133.4
                                           -----------------------------
    Total, major Federal investment                                     
     outlays..............................     227.9     225.7     218.7
                                                                        
Miscellaneous physical investments:                                     
  Commodity inventories...................      -1.0      -0.7      -0.8
  Other physical investment (direct)......       4.1       3.9       3.7
                                           -----------------------------
    Total, miscellaneous physical                                       
     investment...........................       3.1       3.1       2.9
                                           -----------------------------
Total, Federal investment outlays,                                      
 including miscellaneous physical                                       
 investment...............................     230.9     228.9     221.5
                                                                        
------------------------------------------------------------------------
                                                                        

  Outlays for direct physical investment for nondefense purposes are 
estimated to be $15.1 billion in 1998. These outlays include $12.2 
billion for construction and rehabilitation. This amount funds water, 
power, and natural resources projects of the Army Corps of Engineers, 
the Bureau of Reclamation within the Department of the Interior, the 
Tennessee Valley Authority, and the power administrations in the 
Department of Energy; construction and rehabilitation of veterans 
hospitals and Postal Service facilities; and facilities for space and 
science programs. Outlays for the acquisition of major equipment are 
estimated to be $6.8 billion in 1998. The largest amounts are for the 
air traffic control system and the Postal Service. For the purchase or 
sale of land and structures, collections are expected to exceed 
disbursements by $3.9 billion in 1998, largely due to the planned sale 
of the United States Enrichment Corporation and the privatization of Elk 
Hills. These sales explain most of the decline in outlays from 1996 to 
1998.
  Grants to State and local governments for physical investment are 
estimated to be $39.9 billion in 1998. More than three fifths of these 
outlays, or $24.5 billion, are to assist States and localities with 
transportation infrastructure. Other major grants for physical 
investment fund sewage treatment plants, community development, and 
public housing.
  Conduct of research and development.--Outlays for the conduct of 
research and development are estimated to be $70.2 billion in 1998. 
These outlays are devoted to increasing basic scientific knowledge and 
promoting related research and development. They increase the Nation's 
security, improve the productivity of capital and labor for both public 
and private purposes, and enhance the quality of life. Slightly more 
than half of these outlays, an estimated $37.4 billion in 1998, are for 
national defense. Physical investment for research and development 
facilities and equipment is included in the physical investment 
category.
  Nondefense outlays for the conduct of research and development are 
estimated to be $32.8 billion in 1998. This is almost entirely direct 
spending by the Federal Government, and is largely for the space 
programs, the National Science Foundation, the National Institutes of 
Health, and research for nuclear and non-nuclear energy programs.
  Conduct of education and training.--Outlays for the conduct of 
education and training are estimated to be $45.6 billion in 1998. These 
outlays add to the stock of human capital by developing a more skilled 
and productive labor force. Grants to State and local governments for 
this category are estimated to be $27.1 billion in 1998, more than half 
of the total. They include education programs for the disadvantaged and 
the handicapped, vocational and adult education programs, training 
programs in the Department of Labor, and Head Start. Direct education 
and training outlays by the Federal Government are estimated to be $18.5 
billion in 1998. Programs in this category are primarily aid for higher 
education through student financial assistance, 

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loan subsidies, the veterans GI bill, and health training programs.
  This category does not include outlays for education and training of 
Federal civilian and military employees. Outlays for education and 
training that are for physical investment and for research and 
development are in the categories for physical investment and the 
conduct of research and development.

                                        Miscellaneous Investment Outlays

  In addition to the categories of major Federal investment, several 
miscellaneous categories of investment outlays are shown at the bottom 
of Table 6-1. These items, all for physical investment, are generally 
unrelated to improving Government operations or enhancing economic 
activity. Outlays for commodity inventories are for the purchase or sale 
of agricultural products pursuant to farm price support programs and the 
purchase and sale of other commodities such as oil and gas. Sales are 
estimated to exceed purchases by $0.8 billion in 1998.
  Outlays for other miscellaneous physical investment are estimated to 
be $3.7 billion in 1998. This category includes primarily conservation 
programs. These outlays are entirely for direct Federal spending.

                 Detailed Tables on Investment Spending

  This section provides data on budget authority as well as outlays for 
major Federal investment. For the first time these estimates extend four 
years beyond the budget year to 2002. Table 6-2 displays budget 
authority (BA) and outlays (O) by major programs according to defense 
and nondefense categories. The greatest level of detail appears in Table 
6-3, which shows budget authority and outlays divided according to 
grants to State and local governments and direct Federal spending. 
Miscellaneous investment is not included in these tables because it is 
generally unrelated to improving Government operations or enhancing 
economic activity.

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                              Table 6-2.  FEDERAL INVESTMENT BUDGET AUTHORITY AND OUTLAYS: DEFENSE AND NONDEFENSE PROGRAMS                              
                                                                (In millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                 Estimate                               
                Description                                              1996    -----------------------------------------------------------------------
                                                                        Actual       1997        1998        1999        2000        2001        2002   
--------------------------------------------------------------------------------------------------------------------------------------------------------
             NATIONAL DEFENSE                                                                                                                           
Major public physical investment:                                                                                                                       
  Construction and rehabilitation.........  BA                            4,670       5,008       5,555       4,516       3,767       3,540       3,155 
                                            O                             5,409       4,816       4,526       4,613       3,617       3,223       2,804 
  Acquisition of major equipment..........  BA                           42,975      44,435      42,923      50,833      57,219      60,871      68,552 
                                            O                            49,645      45,924      43,408      44,841      47,877      51,932      55,688 
  Purchase or sale of land and structures.  BA                              -77         -86         -87         -54         -26         -26         -26 
                                            O                               -77         -86         -87         -54         -26         -26         -26 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, major public physical         BA                           47,568      49,357      48,391      55,295      60,960      64,385      71,681 
     investment.                                                                                                                                        
                                            O                            54,977      50,654      47,847      49,400      51,468      55,129      58,466 
                                                                     -----------------------------------------------------------------------------------
Conduct of research and development.......  BA                           37,810      39,491      38,744      37,872      35,834      35,328      36,640 
                                            O                            39,428      38,916      37,416      37,917      36,326      35,492      35,882 
Conduct of education and training           BA                                8           5           2           8          15          15          15 
 (civilian).                                                                                                                                            
                                            O                                 9           6           3           6          12          15          15 
                                                                     -----------------------------------------------------------------------------------
  Subtotal, national defense investment...  BA                           85,386      88,853      87,137      93,175      96,809      99,728     108,336 
                                            O                            94,414      89,576      85,266      87,323      87,806      90,636      94,363 
                NONDEFENSE                                                                                                                              
Major public physical investment:                                                                                                                       
  Construction and rehabilitation:                                                                                                                      
    Highways..............................  BA                           17,884      21,973      22,304      22,168      22,072      22,043      22,034 
                                            O                            19,653      19,645      19,653      19,392      19,191      18,915      18,763 
    Mass transportation...................  BA                            3,517       4,828       4,971       4,971       4,971       4,971       4,971 
                                            O                             3,698       3,900       3,568       3,717       3,922       4,101       4,255 
    Rail transportation...................  BA                              119         244         434         434         434         434         434 
                                            O                               282         211         379         511         435         437         436 
    Air transportation....................  BA                            1,606       2,284       2,395       1,049       1,050       1,051       1,052 
                                            O                             1,675       1,575       1,446       1,235       1,123       1,076       1,068 
    Water transportation..................  BA                              129         137         120         121         122         122         122 
                                            O                               125         117         116         120         115         119         121 
    Community development block grants....  BA                            4,650       4,600       4,600       4,600       4,100       4,100       4,100 
                                            O                             4,545       4,837       4,641       4,845       4,633       4,438       4,216 
    Other community and regional            BA                            1,351       1,379       1,408       1,338       1,156       1,171       1,165 
     development.                                                                                                                                       
                                            O                             1,530       1,805       1,495       1,325       1,339       1,259       1,219 
    Pollution control and abatement.......  BA                            3,637       3,797       4,564       4,556       3,885       3,853       3,872 
                                            O                             3,668       3,499       3,752       4,044       4,133       4,098       3,938 
    Water resources.......................  BA                            1,878       2,068       2,312       2,012       2,045       1,927       1,943 
                                            O                             2,318       2,334       1,869       1,991       2,087       1,958       1,904 
    Housing assistance....................  BA                            5,664       4,655       5,052       4,827       4,726       4,761       4,797 
                                            O                             6,757       7,216       6,963       6,915       6,652       6,149       5,880 
    Energy................................  BA                            1,827       1,292       1,183       1,112       1,130       1,119       1,133 
                                            O                             1,918       1,378       1,147       1,141       1,163       1,150       1,160 
    Veterans hospitals and other health...  BA                            1,113       1,230       1,358       1,341       1,357       1,373       1,388 
                                            O                             1,404       1,316       1,465       1,429       1,395       1,375       1,375 
    Postal Service........................  BA                            1,132       1,870       1,376         964         721         783       1,996 
                                            O                             1,138       1,063       1,251       1,195         986         870       2,205 
    GSA real property activities..........  BA                        ..........  ..........  ..........  ..........  ..........  ..........  ..........
                                            O                             1,478       1,418       1,175       1,028         965         916         941 
    Other programs........................  BA                            1,776       1,785       1,640       1,418       1,311       1,312       1,312 
                                            O                             2,293       2,179       1,971       2,152       1,937       1,711       1,590 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, construction and            BA                           46,283      52,142      53,717      50,911      49,080      49,020      50,319 
       rehabilitation.                                                                                                                                  
                                            O                            52,482      52,493      50,891      51,040      50,076      48,572      49,071 
                                                                     -----------------------------------------------------------------------------------
  Acquisition of major equipment:                                                                                                                       
    Air transportation....................  BA                            1,903       1,969       1,924       2,073       2,029       2,090       2,152 
                                            O                             2,490       1,948       1,903       1,905       1,927       1,956       2,078 
    Postal Service........................  BA                            1,890       3,545       1,075         586         180         221         665 
                                            O                               987       2,478       1,378       1,793         236         210         505 
    Other.................................  BA                            3,915       3,131       3,465       3,494       2,851       2,782       2,707 
                                            O                             3,835       3,965       3,545       4,307       4,177       3,530       3,480 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, acquisition of major        BA                            7,708       8,645       6,464       6,153       5,060       5,093       5,524 
       equipment.                                                                                                                                       
                                            O                             7,312       8,391       6,826       8,005       6,340       5,696       6,063 
                                                                     -----------------------------------------------------------------------------------

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  Purchase or sale of land and structures.  BA                              183         194      -4,040         229         241         243        -295 
                                            O                               410         441      -3,875         432         435         428        -126 
  Other physical assets (grants)..........  BA                              926         911       1,063       1,120       1,118       1,127       1,066 
                                            O                               692         994       1,137       1,068       1,110       1,111       1,085 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, major public physical         BA                           55,100      61,892      57,204      58,413      55,499      55,483      56,614 
     investment.                                                                                                                                        
                                            O                            60,896      62,319      54,979      60,545      57,961      55,807      56,093 
                                                                     -----------------------------------------------------------------------------------
Conduct of research and development:                                                                                                                    
  General science, space, and technology..  BA                           10,719      10,779      11,115      11,205      11,202      11,317      11,354 
                                            O                             9,745      10,424      10,707      10,872      10,838      10,854      10,960 
  Energy..................................  BA                            2,548       2,312       2,542       2,650       2,464       2,396       2,354 
                                            O                             2,938       2,577       2,796       2,771       2,753       2,658       2,552 
  Transportation..........................  BA                            1,794       1,960       2,005       1,910       1,893       1,919       1,938 
                                            O                             1,654       1,810       2,135       2,090       2,132       2,153       2,180 
  Health..................................  BA                           11,820      12,647      12,951      12,984      13,026      13,068      13,112 
                                            O                            10,267      12,059      12,655      12,925      12,998      13,023      13,060 
  Natural resources and environment.......  BA                            1,781       1,841       1,901       1,865       1,891       1,906       1,939 
                                            O                             1,593       1,620       1,673       1,652       1,668       1,668       1,698 
  All other research and development......  BA                            2,693       2,687       2,840       3,046       3,097       3,171       3,256 
                                            O                             2,797       2,879       2,824       3,015       3,062       3,117       3,183 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, conduct of research and       BA                           31,355      32,226      33,354      33,660      33,573      33,777      33,953 
     development.                                                                                                                                       
                                            O                            28,994      31,369      32,790      33,325      33,451      33,473      33,633 
                                                                     -----------------------------------------------------------------------------------
Conduct of education and training:                                                                                                                      
  Education, training, employment and                                                                                                                   
   social services:                                                                                                                                     
    Elementary, secondary, and vocational   BA                           13,660      16,899      18,241      18,703      19,129      19,451      19,628 
     education.                                                                                                                                         
                                            O                            14,739      16,111      16,387      18,451      18,722      19,072      19,400 
    Higher education......................  BA                           12,713       9,452      13,212      14,578      14,700      14,998      14,418 
                                            O                            12,172       9,141      11,348      13,390      13,678      13,825      13,179 
    Research and general education aids...  BA                            1,762       1,993       2,000       1,834       1,940       1,977       1,994 
                                            O                             1,906       1,914       2,035       1,817       1,926       1,959       1,994 
    Training and employment...............  BA                            5,068       5,675       5,987       6,286       6,594       5,417       5,549 
                                            O                             5,175       4,910       5,402       6,044       6,252       5,742       5,444 
    Social services.......................  BA                            6,072       6,539       6,942       7,202       7,467       7,757       8,059 
                                            O                             5,940       6,447       6,637       6,820       7,029       7,285       7,569 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, education, training, and    BA                           39,275      40,558      46,382      48,603      49,830      49,600      49,648 
       social services.                                                                                                                                 
                                            O                            39,932      38,523      41,809      46,522      47,607      47,883      47,586 
                                                                     -----------------------------------------------------------------------------------
  Veterans education, training, and         BA                            1,274       1,526       1,503       1,598       1,603       1,653       1,671 
   rehabilitation.                                                                                                                                      
                                            O                             1,373       1,558       1,580       1,617       1,619       1,661       1,679 
  Health..................................  BA                              793         882         728         720         718         715         712 
                                            O                               760         864         804         728         719         708         704 
  Other education and training............  BA                            1,519       1,510       1,453       1,461       1,485       1,458       1,481 
                                            O                             1,485       1,505       1,434       1,466       1,476       1,460       1,470 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, conduct of education and      BA                           42,861      44,476      50,066      52,382      53,636      53,426      53,512 
     training.                                                                                                                                          
                                            O                            43,550      42,450      45,627      50,333      51,421      51,712      51,439 
                                                                     -----------------------------------------------------------------------------------
  Subtotal, nondefense investment.........  BA                          129,316     138,594     140,624     144,455     142,708     142,686     144,079 
                                            O                           133,440     136,138     133,396     144,203     142,833     140,992     141,165 
                                                                     ===================================================================================
Total, major Federal investment...........  BA                          214,702     227,447     227,761     237,630     239,517     242,414     252,415 
                                            O                           227,854     225,714     218,662     231,526     230,639     231,628     235,528 
--------------------------------------------------------------------------------------------------------------------------------------------------------

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                              Table 6-3. FEDERAL INVESTMENT BUDGET AUTHORITY AND OUTLAYS: GRANT AND DIRECT FEDERAL PROGRAMS                             
                                                                (in millions of dollars)                                                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                 Estimate                               
                Description                                              1996    -----------------------------------------------------------------------
                                                                        Actual       1997        1998        1999        2000        2001        2002   
--------------------------------------------------------------------------------------------------------------------------------------------------------
   GRANTS TO STATE AND LOCAL GOVERNMENTS                                                                                                                
                                                                                                                                                        
Major public physical investments:                                                                                                                      
  Construction and rehabilitation:                                                                                                                      
    Highways..............................  BA                           17,879      21,972      22,302      22,166      22,070      22,041      22,032 
                                            O                            19,644      19,588      19,475      19,333      19,172      18,902      18,751 
    Mass transportation...................  BA                            3,517       4,828       4,971       4,971       4,971       4,971       4,971 
                                            O                             3,698       3,900       3,568       3,717       3,922       4,101       4,255 
    Rail transportation...................  BA                                1          69          10          10          10          10          10 
                                            O                                16          33          48          36          10          10          10 
    Air transportation....................  BA                            1,550       2,230       2,347       1,000       1,000       1,000       1,000 
                                            O                             1,655       1,519       1,395       1,185       1,075       1,028       1,018 
    Pollution control and abatement.......  BA                            2,314       2,417       2,474       2,211       2,190       2,207       2,225 
                                            O                             2,368       2,127       2,119       2,032       2,155       2,279       2,188 
    Other natural resources and             BA                              174         161          44          44          44          44          44 
     environment.                                                                                                                                       
                                            O                               255         283          75          48          43          43          43 
    Community development block grants....  BA                            4,650       4,600       4,600       4,600       4,100       4,100       4,100 
                                            O                             4,545       4,837       4,641       4,845       4,633       4,438       4,216 
    Other community and regional            BA                            1,106       1,013       1,152       1,110         926         938         929 
     development.                                                                                                                                       
                                            O                             1,172       1,227       1,170       1,137       1,121       1,032         987 
    Housing assistance....................  BA                            4,554       4,622       4,567       4,342       4,241       4,276       4,312 
                                            O                             6,007       6,335       5,999       5,845       5,508       5,022       4,767 
    National defense......................  BA                        ..........  ..........  ..........  ..........  ..........  ..........  ..........
                                            O                                16           9           4           1   ..........  ..........  ..........
    Other construction....................  BA                              134         130         119         115         116         116         116 
                                            O                               222         212         179         159         126         119         118 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, construction and            BA                           35,879      42,042      42,586      40,569      39,668      39,703      39,739 
       rehabilitation.                                                                                                                                  
                                            O                            39,598      40,070      38,673      38,338      37,765      36,974      36,353 
                                                                     -----------------------------------------------------------------------------------
  Other physical assets...................  BA                              978         962       1,120       1,177       1,178       1,187       1,128 
                                            O                               757       1,075       1,208       1,130       1,169       1,170       1,145 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, major public physical         BA                           36,857      43,004      43,706      41,746      40,846      40,890      40,867 
     capital.                                                                                                                                           
                                            O                            40,355      41,145      39,881      39,468      38,934      38,144      37,498 
                                                                     -----------------------------------------------------------------------------------
Conduct of research and development:                                                                                                                    
  Agriculture.............................  BA                              223         223         223         223         223         223         223 
                                            O                               224         234         223         221         215         193         207 
  Other...................................  BA                               89         258         126         127         127         129         130 
                                            O                                79          94         238         180         162         158         159 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, conduct of research and       BA                              312         481         349         350         350         352         353 
     development.                                                                                                                                       
                                            O                               303         328         461         401         377         351         366 
                                                                     -----------------------------------------------------------------------------------
Conduct of education and training:                                                                                                                      
  Elementary, secondary, and vocational     BA                           12,881      16,111      17,342      17,797      18,212      18,527      18,694 
   education.                                                                                                                                           
                                            O                            13,930      15,288      15,574      17,573      17,828      18,168      18,486 
  Higher education........................  BA                               63          83          39          40          41          42          44 
                                            O                               108          77          74          38          40          41          42 
  Research and general education aids.....  BA                              243         439         311         317         348         356         361 
                                            O                               288         286         377         334         346         349         356 
  Training and employment.................  BA                            3,998       4,513       4,500       4,764       5,035       3,824       3,920 
                                            O                             4,162       3,783       4,208       4,666       4,751       4,184       3,839 
  Social services.........................  BA                            5,828       6,299       6,693       6,945       7,201       7,482       7,775 
                                            O                             5,702       6,185       6,391       6,573       6,774       7,022       7,297 
  National defense (civilian).............  BA                        ..........  ..........  ..........  ..........  ..........  ..........  ..........
                                            O                                 2   ..........  ..........  ..........  ..........  ..........  ..........
  Agriculture.............................  BA                              428         426         418         418         418         418         418 
                                            O                               403         419         420         418         418         418         418 
  Other...................................  BA                               94          78          81          72          73          73          74 
                                            O                               100          82          84          81          76          72          72 
                                                                     -----------------------------------------------------------------------------------
   Subtotal, conduct of education and       BA                           23,535      27,949      29,384      30,353      31,328      30,722      31,286 
    training.                                                                                                                                           
                                            O                            24,695      26,120      27,128      29,683      30,233      30,254      30,510 
                                                                     -----------------------------------------------------------------------------------
  Subtotal, grants for investment.........  BA                           60,704      71,434      73,439      72,449      72,524      71,964      72,506 
                                            O                            65,353      67,593      67,470      69,552      69,544      68,749      68,374 

[[Page 107]]

          DIRECT FEDERAL PROGRAMS                                                                                                                       
                                                                                                                                                        
Major public physical investment:                                                                                                                       
  Construction and rehabilitation:                                                                                                                      
    National defense:                                                                                                                                   
      Military construction...............  BA                            2,815       3,220       2,519       2,537       2,565       2,491       1,633 
                                            O                             3,382       3,102       2,934       2,793       2,132       1,855       1,432 
      Family housing......................  BA                            1,016       1,017         679         722         436         441         433 
                                            O                             1,078       1,007         916         788         372         376         372 
      Atomic energy defense activities and  BA                              839         771       2,357       1,257         766         608       1,089 
       other.                                                                                                                                           
                                            O                               933         698         672       1,031       1,113         992       1,000 
                                                                     -----------------------------------------------------------------------------------
        Subtotal, national defense........  BA                            4,670       5,008       5,555       4,516       3,767       3,540       3,155 
                                            O                             5,393       4,807       4,522       4,612       3,617       3,223       2,804 
                                                                     -----------------------------------------------------------------------------------
    International affairs.................  BA                              157         218         200         200         200         200         200 
                                            O                               279         265         230         219         213         215         215 
    General science, space, and technology  BA                              423         349         338         259         252         254         260 
                                            O                               611         487         423         406         333         327         321 
    Water resources projects..............  BA                            1,728       1,935       2,272       1,972       2,005       1,887       1,903 
                                            O                             2,090       2,082       1,799       1,946       2,047       1,918       1,864 
    Other natural resources and             BA                            1,644       1,637       2,350       2,631       1,967       1,913       1,908 
     environment.                                                                                                                                       
                                            O                             1,672       1,684       1,900       2,279       2,252       2,089       2,016 
    Energy................................  BA                            1,827       1,292       1,183       1,112       1,130       1,119       1,133 
                                            O                             1,918       1,378       1,147       1,141       1,163       1,150       1,160 
    Postal Service........................  BA                            1,132       1,870       1,376         964         721         783       1,996 
                                            O                             1,138       1,063       1,251       1,195         986         870       2,205 
    Transportation........................  BA                              307         366         593         595         597         598         599 
                                            O                               419         407         675         703         606         606         608 
    Housing assistance....................  BA                            1,110          33         485         485         485         485         485 
                                            O                               750         881         964       1,070       1,144       1,127       1,113 
    Veterans hospitals and other health     BA                            1,066       1,183       1,317       1,304       1,320       1,336       1,351 
     facilities.                                                                                                                                        
                                            O                             1,347       1,272       1,418       1,384       1,351       1,336       1,338 
    Federal Prison System.................  BA                              245         310         149          97   ..........  ..........  ..........
                                            O                               486         309         393         527         410         253         181 
    GSA real property activities..........  BA                                1         157   ..........  ..........  ..........  ..........  ..........
                                            O                             1,579       1,757       1,262       1,028         965         916         941 
    Other construction....................  BA                              764         750         868         723         735         742         745 
                                            O                               611         847         760         805         841         791         756 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, construction and            BA                           15,074      15,108      16,686      14,858      13,179      12,857      13,735 
       rehabilitation.                                                                                                                                  
                                            O                            18,293      17,239      16,744      17,315      15,928      14,821      15,522 
                                                                     -----------------------------------------------------------------------------------
  Acquisition of major equipment:                                                                                                                       
    National defense:                                                                                                                                   
      Department of Defense--Military       BA                           42,641      44,179      42,664      50,583      56,969      60,624      68,310 
       (Procurement).                                                                                                                                   
                                            O                            49,252      45,668      43,164      44,601      47,641      51,698      55,457 
      Atomic energy defense activities....  BA                              334         256         259         250         250         247         242 
                                            O                               393         256         244         240         236         234         231 
                                                                     -----------------------------------------------------------------------------------
        Subtotal, national defense........  BA                           42,975      44,435      42,923      50,833      57,219      60,871      68,552 
                                            O                            49,645      45,924      43,408      44,841      47,877      51,932      55,688 
                                                                     -----------------------------------------------------------------------------------
    General science and basic research....  BA                              252         239         244         250         251         251         251 
                                            O                               199         262         271         271         263         256         246 
    Space flight, research, and supporting  BA                              763         744         575         574         558         540         526 
     activities.                                                                                                                                        
                                            O                               545         698         638         610         595         575         564 
    Energy................................  BA                              218         183         170         194         203         202         215 
                                            O                               221         195         193         222         231         231         243 
    Postal Service........................  BA                            1,890       3,545       1,075         586         180         221         665 
                                            O                               987       2,478       1,378       1,793         236         210         505 
    Air transportation....................  BA                            1,903       1,969       1,924       2,073       2,029       2,090       2,152 
                                            O                             2,490       1,948       1,903       1,905       1,927       1,956       2,078 
    Water transportation (Coast Guard)....  BA                              228         245         242         242         242         242         242 
                                            O                               240         179         196         216         226         239         245 
    Other transportation (railroads)......  BA                              330         362   ..........  ..........  ..........  ..........  ..........
                                            O                               322         262         159         104   ..........  ..........  ..........
    Social security.......................  BA                              257          86          63          68          73          78          84 

[[Page 108]]
                                            O                               164         103         153         164         176         189         203 
    Hospital and medical care for veterans  BA                              767         513         483         483         483         483         483 
                                            O                               614         564         483         489         490         490         490 
    Department of Justice.................  BA                              377         444         480         288         296         304         314 
                                            O                               294         378         293         348         216         146         151 
    Department of the Treasury............  BA                              643         230         628         619         119         119         119 
                                            O                               616         541         106         551         599         148          98 
    General supply fund...................  BA                        ..........  ..........  ..........  ..........  ..........  ..........  ..........
                                            O                               497         556         673         703         748         655         694 
    Other.................................  BA                               28          34         523         719         566         503         411 
                                            O                                58         146         309         567         574         542         486 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, acquisition of major        BA                           50,631      53,029      49,330      56,929      62,219      65,904      74,014 
       equipment.                                                                                                                                       
                                            O                            56,892      54,234      50,163      52,784      54,158      57,569      61,691 
                                                                     -----------------------------------------------------------------------------------
  Purchase or sale of land and structures:                                                                                                              
    National defense......................  BA                              -77         -86         -87         -54         -26         -26         -26 
                                            O                               -77         -86         -87         -54         -26         -26         -26 
    International affairs.................  BA                               10          10          10          10          10          10          10 
                                            O                                11          11          10          10           9           9           9 
    Sale of the United States Enrichment    BA                        ..........  ..........     -1,800   ..........  ..........  ..........  ..........
     Corporation.                                                                                                                                       
                                            O                         ..........  ..........     -1,800   ..........  ..........  ..........  ..........
    Privatization of Elk Hills............  BA                        ..........  ..........     -2,415   ..........  ..........  ..........  ..........
                                            O                         ..........  ..........     -2,415   ..........  ..........  ..........  ..........
    Other.................................  BA                              173         184         165         219         231         233        -305 
                                            O                               399         430         330         422         426         419        -135 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, purchase or sale of land    BA                              106         108      -4,127         175         215         217        -321 
       and structures.                                                                                                                                  
                                            O                               333         355      -3,962         378         409         402        -152 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, major public physical         BA                           65,811      68,245      61,889      71,962      75,613      78,978      87,428 
     investment.                                                                                                                                        
                                            O                            75,518      71,828      62,945      70,477      70,495      72,792      77,061 
                                                                     -----------------------------------------------------------------------------------
Conduct of research and development:                                                                                                                    
  National defense:                                                                                                                                     
    Defense military......................  BA                           35,402      37,060      36,371      35,544      33,541      33,054      34,403 
                                            O                            36,936      36,485      35,067      35,626      34,077      33,264      33,682 
    Atomic energy and other...............  BA                            2,408       2,431       2,373       2,328       2,293       2,274       2,237 
                                            O                             2,492       2,431       2,349       2,291       2,249       2,228       2,200 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, national defense..........  BA                           37,810      39,491      38,744      37,872      35,834      35,328      36,640 
                                            O                            39,428      38,916      37,416      37,917      36,326      35,492      35,882 
                                                                     -----------------------------------------------------------------------------------
  International affairs...................  BA                              253         191         247         253         257         265         270 
                                            O                               419         379         339         317         320         327         332 
  General science, space, and technology:                                                                                                               
    NASA..................................  BA                            7,844       7,797       8,009       8,034       8,025       8,133       8,164 
                                            O                             6,963       7,524       7,767       7,841       7,734       7,738       7,802 
    National Science Foundation...........  BA                            2,204       2,277       2,367       2,373       2,379       2,386       2,392 
                                            O                             2,077       2,195       2,201       2,272       2,332       2,344       2,386 
    Other general science.................  BA                              671         705         739         798         798         798         798 
                                            O                               705         705         739         759         772         772         772 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, general science, space,     BA                           10,972      10,970      11,362      11,458      11,459      11,582      11,624 
       and technology.                                                                                                                                  
                                            O                            10,164      10,803      11,046      11,189      11,158      11,181      11,292 
                                                                     -----------------------------------------------------------------------------------
  Energy..................................  BA                            2,548       2,312       2,542       2,650       2,464       2,396       2,354 
                                            O                             2,938       2,577       2,796       2,771       2,753       2,658       2,552 
  Transportation:                                                                                                                                       
    Department of Transportation..........  BA                              508         531         651         629         634         641         647 
                                            O                               479         489         730         702         699         699         682 
    NASA..................................  BA                            1,222       1,198       1,273       1,200       1,178       1,197       1,210 
                                            O                             1,120       1,261       1,194       1,234       1,296       1,321       1,366 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, transportation............  BA                            4,278       4,041       4,466       4,479       4,276       4,234       4,211 
                                            O                             4,537       4,327       4,720       4,707       4,748       4,678       4,600 
                                                                     -----------------------------------------------------------------------------------

[[Page 109]]

  Health:                                                                                                                                               
    National Institutes of Health.........  BA                           11,263      11,996      12,333      12,378      12,428      12,479      12,530 
                                            O                             9,642      11,469      12,060      12,326      12,414      12,448      12,492 
    All other health......................  BA                              548         642         613         601         593         584         577 
                                            O                               616         581         590         594         579         570         563 
                                                                     -----------------------------------------------------------------------------------
      Subtotal, health....................  BA                           11,811      12,638      12,946      12,979      13,021      13,063      13,107 
                                            O                            10,258      12,050      12,650      12,920      12,993      13,018      13,055 
                                                                     -----------------------------------------------------------------------------------
  Agriculture.............................  BA                              953         963         975         980         991       1,002       1,013 
                                            O                               944         948         962         974         982       1,027       1,026 
  Natural resources and environment.......  BA                            1,778       1,838       1,898       1,862       1,888       1,903       1,936 
                                            O                             1,587       1,619       1,671       1,650       1,666       1,666       1,696 
  National Institute of Standards and       BA                              416         429         480         506         518         564         620 
   Technology.                                                                                                                                          
                                            O                               374         428         440         463         491         514         543 
  Hospital and medical care for veterans..  BA                              256         263         235         235         235         235         235 
                                            O                               231         261         241         234         233         233         233 
  All other research and development......  BA                              579         603         643         811         835         842         854 
                                            O                               596         605         599         787         803         805         822 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, conduct of research and       BA                           68,853      71,236      71,749      71,182      69,057      68,753      70,240 
     development.                                                                                                                                       
                                            O                            68,119      69,957      69,745      70,841      69,400      68,614      69,149 
                                                                     -----------------------------------------------------------------------------------
Conduct of education and training:                                                                                                                      
  Elementary, secondary, and vocational     BA                              779         788         899         906         917         924         934 
   education.                                                                                                                                           
                                            O                               809         823         813         878         894         904         914 
  Higher education........................  BA                           12,650       9,369      13,173      14,538      14,659      14,956      14,374 
                                            O                            12,064       9,064      11,274      13,352      13,638      13,784      13,137 
  Research and general education aids.....  BA                            1,519       1,554       1,689       1,517       1,592       1,621       1,633 
                                            O                             1,618       1,628       1,658       1,483       1,580       1,610       1,638 
  Training and employment.................  BA                            1,070       1,162       1,487       1,522       1,559       1,593       1,629 
                                            O                             1,013       1,127       1,194       1,378       1,501       1,558       1,605 
  Health..................................  BA                              793         882         728         720         718         715         712 
                                            O                               760         864         804         728         719         708         704 
  Veterans education, training, and         BA                            1,274       1,526       1,503       1,598       1,603       1,653       1,671 
   rehabilitation.                                                                                                                                      
                                            O                             1,373       1,558       1,580       1,617       1,619       1,661       1,679 
  General science and basic reserach......  BA                              502         523         519         518         518         518         518 
                                            O                               469         502         484         518         516         530         518 
  National defense........................  BA                                8           5           2           8          15          15          15 
                                            O                                 7           6           3           6          12          15          15 
  International affairs...................  BA                              236         218         199         199         199         199         199 
                                            O                               279         233         210         201         199         199         199 
  Other...................................  BA                              503         505         485         511         543         525         556 
                                            O                               472         531         482         495         522         504         535 
                                                                     -----------------------------------------------------------------------------------
    Subtotal, conduct of education and      BA                           19,334      16,532      20,684      22,037      22,323      22,719      22,241 
     training.                                                                                                                                          
                                            O                            18,864      16,336      18,502      20,656      21,200      21,473      20,944 
                                                                     -----------------------------------------------------------------------------------
  Subtotal, direct Federal investment.....  BA                          153,998     156,013     154,322     165,181     166,993     170,450     179,909 
                                            O                           162,501     158,121     151,192     161,974     161,095     162,879     167,154 
                                                                     ===================================================================================
Total, major Federal investment...........  BA                          214,702     227,447     227,761     237,630     239,517     242,414     252,415 
                                            O                           227,854     225,714     218,662     231,526     230,639     231,628     235,528 
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 110]]

     Part II: PLANNING, BUDGETING, AND ACQUISITION OF CAPITAL ASSETS

  The previous section discussed Federal investment broadly defined. The 
focus of this section is much narrower--the review of planning and 
budgeting for capital assets during the past year and the resultant 
budget proposals for capital assets owned by the Federal Government and 
used to deliver Federal services. Capital assets consist of Federal 
buildings, information technology, and other facilities and major 
equipment, including weapons systems, federally owned infrastructure, 
and space satellites.\1\ With proposed major agency restructuring, 
organizational streamlining, and other reforms, good planning may 
suggest reduced spending for some assets, such as office buildings, and 
increased spending for others, such as information technology, to 
increase the productivity of a smaller workforce.
---------------------------------------------------------------------------
  \1\ This is almost the same as the definition in Part I of this 
chapter for spending for direct Federal construction and rehabilitation, 
major equipment, and purchase of land, except that capital assets 
excludes grants to private groups for these purposes (e.g., grants for 
equipment for research and grants to AMTRAK). A more complete definition 
can be found in the glossary to the ``Principles of Budgeting for 
Capital Asset Acquisitions,'' which is at the end of this Part.
---------------------------------------------------------------------------
  In recent years the Office of Management and Budget (OMB) and the 
Congress have reviewed the Federal Government's performance in planning, 
budgeting, risk management, and the acquisition of capital assets. The 
reviews indicate that the performance is uneven across the Government. 
The problems have many causes and as a result, there is no single 
solution. Agencies that are strong in this area may be able to provide 
best practices that could assist agencies that need improvement. In 
meeting the objective of improving the Government's performance, it is 
essential that the caliber of government planning and budgeting for 
capital assets be improved.

    Improving Planning, Budgeting, and Acquisition of Capital Assets

  Risk Management.--Recent OMB reviews have found a recurring theme in 
many capital asset acquisitions--that risk management should become more 
central to the planning, budgeting, and acquisition process. Failure to 
analyze and manage the inherent risk in all capital asset acquisitions 
may have contributed to cost overruns, schedule shortfalls, and 
acquisitions that fail to perform as expected. Failure to adopt capital 
asset requirements that are within the capabilities of the market and 
budget limitations may also have contributed to these problems. For each 
major project a risk analysis that includes how risks will be isolated, 
minimized, monitored, and controlled may help prevent these problems. 
The proposals in this budget, together with recent legislation enacted 
by Congress, are designed to help the Government manage better its 
portfolio of capital assets.
  Long-Term Planning and Analysis.--Planning and managing capital 
assets, especially better management of risk, has historically been a 
low priority for some agencies. Attention focuses on coming-year 
appropriations, and justifications are often limited to lists of desired 
projects. The increased use of long-range planning linked to performance 
goals required by the Government Performance and Results Act would 
provide a better basis for justifications. It would increase foresight 
and improve the odds for cost-effective investments.
  A need for better risk management, integrated life-cycle planning, and 
operation of capital assets at many agencies was evident in the OMB 
reviews. Research equipment was acquired with inadequate funding for its 
operation. New medical facilities sometimes were built without funds for 
maintenance and operation. New information technology sometimes was 
acquired without planning for associated changes in agency operations.
  Congressional concern.--Congress has expressed its concern about 
planning for capital assets with legislation and other actions that 
complement Administration efforts to ensure better performance:
<bullet>    The Government Performance and Results Act of 1993 (GPRA) is 
          designed to help ensure that program objectives are more 
          clearly defined and resources are focused on meeting these 
          objectives.
<bullet>    The Federal Acquisition Streamlining Act of 1994 (FASA), 
          Title V, requires agencies to improve the management of large 
          acquisitions. Title V requires agencies to institute a 
          performance-based planning, budgeting, and management approach 
          to the acquisition of capital assets. As a result of improved 
          planning efforts, agencies are required to establish cost, 
          schedule, and performance goals that have a high probability 
          of successful achievement. For projects that are not achieving 
          90 percent of original goals, agencies are required to discuss 
          corrective actions taken or planned to bring the project 
          within goals. If they cannot be brought within goals, agencies 
          should identify how and why the goals should be revised, 
          whether the project is still cost beneficial and justified for 
          continued funding, or whether the project should be canceled.
<bullet>    The Information Technology Management Reform Act of 1996 
          (ITMRA) is designed to ensure that information technology 
          acquisitions support agency missions developed pursuant to 
          GPRA. ITMRA also requires a performance-based planning, 
          budgeting, and management approach to the acquisition of 
          capital assets.
<bullet>    The General Accounting Office recently released a study, 
          Budget Issues: Budgeting for Federal Capital (November 1996), 
          written in response to a congressional request, which 
          recommended that OMB continue its focus on fixed assets.
  OMB concern.--Since 1994, OMB has devoted particular attention to 
improving the process of planning, budgeting, and acquiring capital 
assets.

[[Page 111]]

<bullet>    Separate OMB reviews that focused on capital assets have 
          occurred for the last three budgets.
<bullet>    After seeking out and analyzing the problems, which differed 
          from agency to agency, OMB issued guidance on this issue in 
          1994. This guidance was repeated in 1995 and reissued in 1996 
          as OMB Circular A-11: Part 3: ``Planning, Budgeting, and 
          Acquisition of Fixed Assets'' (July 1996) (hereafter referred 
          to as Part 3). Part 3 identified other OMB guidance on this 
          issue.\2\
---------------------------------------------------------------------------
  \2\ Other OMB guidance includes: (1) OMB Circular No. A-109, Major 
System Acquisitions, which establishes policies for planning major 
systems that are generally applicable to fixed asset acquisitions. (2) 
OMB Circular No. A-94, Guidelines and Discount Rates for Benefit-Cost 
Analysis of Federal Programs, which provides guidance on benefit-cost, 
cost-effectiveness, and lease-purchase analysis to be used by agencies 
in evaluating Federal activities including fixed asset acquisition. It 
includes guidelines on the discount rate to use in evaluating future 
benefits and costs, the measurement of benefits and costs, the treatment 
of uncertainty, and other issues. This guidance must be followed in all 
analyses submitted to OMB in support of legislative and budget programs. 
(3) Executive Order No. 12893, ``Principles for Federal Infrastructure 
Investments,'' which provides principles for the systematic economic 
analysis of infrastructure investments and their management. (4) OMB 
Bulletin No. 94-16, Guidance on Executive Order No. 12893, ``Principles 
for Federal Infrastructure Investments,'' which provides guidance for 
implementing this order and appends the order itself. (5) the revision 
of OMB Circular A-130, Management of Federal Information Resources 
(February 20, 1996), which provides principles for internal management 
and planning practices for information systems and technology (published 
in the Federal Register, February 20, 1996, pp. 6433-6434).
---------------------------------------------------------------------------
             Agencies were requested to approach planning for capital 
          assets in the context of strategic plans to carry out their 
          missions, and to consider alternative methods of meeting their 
          goals. Systematic analysis of the full life-cycle expected 
          costs and benefits was required, along with risk analysis and 
          assessment of alternative means of acquiring assets. The 
          Administration proposes to make agencies responsible for the 
          capital assets they use, and to work throughout the coming 
          year to improve agency risk management, planning, budgeting, 
          acquisition, and operation of these assets.
<bullet>    In the FY 1997 Budget a year ago, the Administration 
          proposed a separate allowance of $1.4 billion for full funding 
          of selected capital assets in the Department of Energy, NASA, 
          and the Department of the Interior. Congress responded 
          favorably by enacting a portion of this allowance for the 
          Department of Energy.
<bullet>    OMB memorandum 97-02, Funding Information Systems 
          Investments (October 25, 1996) was issued to establish clear 
          and concise decision criteria regarding investments in major 
          information technology investments.
<bullet>    As part of this Budget, OMB is:
     --requesting full funding in regular or advance appropriations for 
         new capital projects and for many capital projects formerly 
         funded incrementally. These requests are shown in Table 6-5 and 
         discussed in the accompanying text.
     --issuing the ``Principles of Budgeting for Capital Asset 
         Acquisitions,'' which appear at the end of this Part and are 
         also available as a separate publication. These principles 
         offer guidelines to agencies to help carry out better planning, 
         analysis, risk management, and budgeting for capital asset 
         acquisitions. The principles include a proposed new Budget 
         Enforcement Act scorekeeping rule to enforce full funding of 
         capital projects.
     --Later this year OMB plans to publish a ``Capital Programming 
         Guide.'' This Guide is being developed by an interagency task 
         force that includes participation from the General Accounting 
         Office. A draft of the Guide is currently in circulation for 
         comment. Its purpose is to provide professionals in the Federal 
         Government a basic reference on capital assets management 
         principles to assist them in planning, budgeting, acquiring, 
         and managing the asset once in use. The draft Guide emphasizes 
         risk management and the importance of analyzing capital assets 
         as a portfolio.

  From Planning to Budgeting.--Long-range agency plans should channel 
fully justified budget-year and out-year capital acquisition proposals 
into the budget process. Agencies were asked to submit projections of 
both budget authority and outlays for high-priority capital asset 
proposals not only for the budget year but for the four subsequent years 
through 2002 as well. In addition, OMB held a separate review on capital 
assets again as part of the 1998 budget review process. This provided an 
overview of requests, flagged issues, and considered cross-cutting 
recommendations. Agency-specific capital asset issues were highlighted 
in the agency reviews.
  Attention was given to whether the ``lumpiness'' of some capital 
assets--large one-year temporary increases in funding--disadvantaged 
them in the budget review process. In some cases, agencies aggregate 
capital asset acquisitions into budget accounts containing only such 
acquisitions; such accounts tend to smooth out year-to-year changes in 
budget authority and outlays and avoid crowding other expenditures. In 
other cases, agencies or program managers do not hesitate to request 
``spikes'' in spending for asset acquisitions, and the review process 
accommodates them. But some agencies go out of their way to avoid such 
spikes, and some agencies have trouble accommodating them. Part 3 
encouraged agencies to accommodate justified spikes in their own 
internal reviews, and the OMB review in some cases made special 
allowance for these one-time increases.
  Full Funding of Capital Assets.--Good budgeting requires that 
appropriations for the full costs of asset acquisition be provided up 
front to help ensure that all costs and benefits are fully taken into 
account when decisions are made about providing resources. Full funding 
was endorsed by the General Accounting Office in its recent report, 
Budgeting for Federal Capital (November 1996). This rule is followed for 
most Department of Defense procurement and construction programs and for 
General Services Administration buildings. In other areas too often it 
is not. When it is not followed and capital assets are funded in 
increments, without certainty if or when future funding will be 
available, it can and occasionally does result in poor risk management, 
weak planning, acquisition of assets 

[[Page 112]]

not fully justified, higher acquisition costs, cancellation of major projects, the loss of sunk costs, and inadequate funding to maintain and operate the assets. Full funding is also an important element in managing large acquisitions effectively and holding management responsible for achieving goals.
  This budget requests full funding with regular or advance 
appropriations for new capital projects and for many capital projects 
funded incrementally in the past. Projects that might have been funded 
in increments in past years and are fully funded in this budget are 
identified below in Table 6-5 and discussed in the accompanying text. 
Next year additional effort will be made to include full funding for all 
new capital projects, or at least economically and programmatically 
viable segments (or modules) of new projects.
  Other Budgeting Issues.--Other budgeting decisions can also aid in 
acquiring capital assets. Availability of funds for one year often may 
not be enough time to complete the acquisition process. Most agencies 
request that funds be available for more than one year to complete 
acquisitions efficiently, and Part 3 encouraged this. As noted, many 
agencies aggregate asset acquisition in budget accounts to avoid 
lumpiness. In some cases, these are revolving funds that ``rent'' the 
assets to the agency's programs.
  To promote better program performance, agencies are also being 
encouraged by OMB to examine their budget account structures to align 
them better with program outputs and outcomes and to charge the 
appropriate account with significant costs used to achieve these 
results. The asset acquisition rental accounts, mentioned above, would 
contribute to this. Budgeting this way would provide information and 
incentives for better resource allocation among programs and a continual 
search for better ways to deliver services. It would also provide 
incentives for efficient capital asset acquisition and management.

  Acquisition of Capital Assets.--Improved planning, budgeting, and 
acquisition strategies are necessary to increase the ability of agencies 
to acquire capital assets within, or close to, the original estimates of 
cost, schedule, and performance used to justify project budgets and to 
maintain budget discipline. The OMB initiative along with enactment of 
FASA (Title V) and ITMRA require agencies to institute a performance-
based planning, budgeting, and management approach to the acquisition of 
capital assets.
  OMB, working with the agencies over the last year, began separate but 
related efforts to develop an integrated management approach that 
employs performance based acquisition management as part of a 
disciplined capital programming process. OMB also wants the capital 
asset acquisition goals incorporated into the annual performance plan 
called for by GPRA so that a unified picture of agency management 
activities is presented and acquisition performance goals are linked to 
the achievement of program and policy goals. This integrated approach 
will not only eliminate duplication in reporting agency actions but, 
most importantly, will foster more effective implementation of 
performance-base acquisition management.
  The first effort was the issuance of OMB Circular A-11, Part 3, 
Planning, Budgeting and Acquisition of Fixed Assets, in July 1996. Part 
3 presents unified guidance to agencies on planning, budgeting, and 
acquisition management of fixed assets. It also presents unified 
guidance designed to coordinate the collection of agency information for 
OMB reports to the Congress required by FASA Title V and ITMRA. Part 3 
for this budget limited reporting to high-priority acquisitions with 
expansion to all acquisitions planned for the 1999 Budget. Part 3 
required agencies to provide information to OMB on the extent of 
planning and risk mitigation efforts accomplished for new projects to 
ensure a high probability that the cost, schedule and performance goals 
established will be successfully achieved. For ongoing projects agencies 
are to provide information on the achievement of, or deviation from, 
goals. For projects that are not achieving 90 percent of original goals, 
agencies are required to discuss corrective actions taken, or 
contemplated, to bring the project within goals or, if not, how and why 
the goals should be revised and whether the project is still cost 
beneficial and justified for continued funding or should be canceled. 
Acquisition goals submitted with the 1998 Budget, if approved by OMB, 
are the baseline goals for all future monitoring of project progress for 
both management purposes and reporting to Congress as required by FASA 
Title V and ITMRA.
  As the second effort, on October 25, 1996, OMB memorandum 97-02, 
Funding Information Systems Investments, was issued to establish clear 
and concise decision criteria regarding investments in major information 
technology investments. As a general presumption, OMB will recommend new 
or continued funding only for those major system investments that 
satisfy these criteria and expands coverage to all capital investments.
  At the Appendix to this Part are the Principles of Budgeting for 
Capital Asset Acquisitions, which incorporate the above criteria and 
expand coverage to all capital investments. OMB recognizes that many 
agencies are in the middle of ongoing projects initiated prior to 
enactment of ITMRA and FASA Title V, and may not be able to satisfy the 
criteria immediately. For those systems that do not satisfy the 
criteria, OMB considered requests to use 1997 and 1998 funds to support 
reevaluation and replanning of the project as necessary to achieve 
compliance with the criteria or to determine that the project would not 
meet the criteria and should be canceled.
  As a result of these two initiatives, capital asset acquisitions are 
to have baseline cost, schedule, and performance goals for future 
tracking purposes or they are to be either reevaluated and changed or 
canceled if no longer cost beneficial.

  Outlook.--The effort to improve planning and budgeting for capital 
assets will continue in 1997.

[[Page 113]]

<bullet>    The Administration will work with the Congress to increase 
          the number of projects that are fully funded with regular or 
          advance appropriations.
<bullet>    OMB will be working with congressional committees, the 
          President's Management Council, the Chief Financial Officers 
          Council, and the Chief Information Officers Council to help 
          agencies with their responsibility for capital assets through 
          the alignment of budgetary resources with program results. OMB 
          will also work with these groups to implement the ``Principles 
          of Budgeting for Capital Asset Acquisitions,'' which are shown 
          as an Appendix to this Part.
<bullet>    In the OMB review process, proposals for the acquisition of 
          capital assets and related issues of lumpiness or ``spikes'' 
          will continue to receive special attention. Agencies will be 
          encouraged to give the same special attention to future asset 
          acquisition proposals.
<bullet>    To ensure that the full costs and benefits of all budget 
          proposals are fully taken into account in allocating 
          resources, agencies will be required to propose full funding 
          for acquisitions in their budget requests.
<bullet>    OMB will finalize the guidance to implement the requirements 
          of FASA Title V within the civilian agencies and develop 
          materials for OMB use in reviewing agency planning for new 
          acquisitions and performance information on acquisitions in 
          process.
<bullet>    As noted earlier, OMB plans to issue a ``Capital Programming 
          Guide'' that will assist professionals in the Federal 
          Government in risk management, planning, budgeting, acquiring, 
          and operating efficiently capital asset acquisitions.

                       Major Acquisition Proposals

  For the definition of major capital assets described above this budget 
requests $61.8 billion of budget authority for 1998. This includes $45.8 
billion for the Department of Defense and $16.0 billion for other 
agencies. The major requests are shown in the accompanying Table 6-4: 
``Capital Asset Acquisitions,'' which distributes the funds generally 
according to the categories for buildings, information technology, and 
other acquisitions.

                                                               Buildings

  This category includes both general purpose office buildings and 
special purpose buildings, such as hospitals, prisons, and courthouses. 
This budget includes $10.9 billion of budget authority for 1998 for the 
major building acquisitions.
  Department of Defense.--The budget includes $3.7 billion for 1998 for 
general construction on military bases and family housing. This funding 
will be used to:
<bullet>    support the fielding of new systems;
<bullet>    enhance operational readiness, including deployment and 
          support of military forces;
<bullet>    provide housing for military personnel and their families;
<bullet>    implement base closure and realignment actions; and
<bullet>    correct safety deficiencies and environmental problems.
  General Services Administration.--The 1998 budget requests $1.7 
billion in obligations for GSA for the construction or renovation of 
buildings. These funds will allow for new construction for U.S. Courts 
and the acquisition of general purpose office space in locations where 
long-term needs show that ownership is preferable to leasing.
  Department of Energy.--This budget requests $1.5 billion for 1998 for 
assets in this category. The largest item is a request for $0.9 billion 
for the National Ignition Facility, which will be used to perform 
experiments, including inertial confinement fusion experiments, at high 
pressures and temperatures. These investments are also discussed in the 
text that accompanies Table 6-5.
  Department of Veterans Affairs.--The 1998 budget requests $0.5 billion 
in budget authority for new construction and rehabilitation of veterans 
hospitals, clinics, nursing homes, and other health care facilities; for 
construction of a new national cemetery and expansion of two existing 
national cemeteries; and for improvements to regional benefits offices.
  Department of Health and Human Services.--This budget requests $0.5 
billion for the Department of Health and Human Services for buildings. 
This includes capital projects for the National Institutes of Health 
Clinical Research Center and improved facilities for the Indian Health 
Service. Both are discussed with Table 6-5 and the request for advance 
appropriations.
  Other agencies.--The largest item in this category is for the Postal 
Service ($1.4 billion in 1998). Other building acquisitions include the 
Research Triangle Park consolidated facility in North Carolina for the 
Environmental Protection Agency; the Department of State for buildings 
abroad; the Department of Justice for new prison construction and 
related capital projects, and a National Laboratory Center and fire 
research facility for the Bureau of Alcohol, Tobacco, and Firearms. 
Funds are also requested in the Commerce Department for new construction 
of a fisheries laboratory in Santa Cruz, California, to support NOAA's 
environmental stewardship mission and a new facility at the Goddard 
Space Flight Center in Maryland.

                                                  Information Technology

  This category covers capital purchases for information technology and 
includes computer hardware, major software, and renovations required for 
this equipment. This budget includes $3.3 billion in budget authority 
for 1998 for major information technology.

[[Page 114]]

                 Table 6-4.  CAPITAL ASSET ACQUISITIONS                 
                (Budget authority in billions of dollars)               
------------------------------------------------------------------------
                                               1996     1997      1998  
                                              actual  proposed  proposed
------------------------------------------------------------------------
             MAJOR ACQUISITIONS                                         
Buildings:                                                              
  Department of Defense....................     4.6       4.9       3.7 
  General Services Administration \1\......     1.3       1.5       1.7 
  Department of Energy.....................     0.2       0.2       1.5 
  Department of Veterans Affairs...........     0.5       0.6       0.5 
  Department of Health and Human Services..     0.4       0.5       0.5 
  Other agencies...........................     2.3       3.0       3.0 
                                            ----------------------------
  Subtotal, buildings......................     9.3      10.7      10.9 
                                                                        
Information technology:                                                 
  Department of Defense....................     1.3       1.5       1.4 
  Internal Revenue Service.................     0.6       0.2       0.6 
  Other agencies...........................     1.1       0.9       1.3 
                                            ----------------------------
  Subtotal, information technology.........     3.0       2.6       3.3 
                                                                        
Other acquisitions:                                                     
  Department of Defense....................    40.5      42.0      40.7 
  Department of Transportation.............     2.2       2.3       2.2 
  Department of Energy.....................     1.9       1.8       2.0 
  Army Corps of Engineers..................     1.2       1.5       1.8 
  Other agencies...........................     5.9       6.8       4.5 
                                            ----------------------------
  Subtotal, other acquisitions.............    51.7      54.4      51.2 
                                            ============================
Total, major acquisitions \2\..............    64.1      67.7      65.5 
                                                                        
Sale of major assets.......................  .......  ........     -4.2 
Acquisitions in smaller accounts...........     0.7       0.7       0.5 
                                            ----------------------------
Total, capital asset acquisitions \3\......    64.7      68.4      61.8 
------------------------------------------------------------------------
* indicates $50 million or less.                                        
\1\ Obligations.                                                        
\2\ Includes accounts with acquisitions of $50 million or more in one   
  year.                                                                 
\3\ This total is derived from the direct Federal major public physical 
  investment budget authority on Table 6-3 ($61.9 billion for 1998).    
  Table 6-4 excludes an estimate of spending for assets not owned by the
  Federal Government ($2.5 billion for 1998), and includes obligations  
  for the General Services Administration ($2.5 billion in 1998).       

  Department of Defense.--The budget requests $1.4 billion for 1998 for 
the Department of Defense for information technology capital purchases. 
These funds will be used to purchase hardware and software to support 
worldwide communications to bases and deployed forces, improve 
information security for critical computer systems, replace obsolete 
equipment, and improve the information processing capabilities for the 
department. Virtually every function within the Department, including 
logistics, communications, command and control, intelligence, 
acquisition management, finance, personnel, health, and environmental 
security will be supported by these information technology investments.
  Internal Revenue Service (IRS) Information Technology Investments.--
The budget requests $0.6 billion in budget authority for 1998 for 
information technology investments in 1999. These efforts and proposed 
advance appropriations for 1999 will ensure that future capital 
investments by the IRS will improve customer service by providing 
alternative means of filing returns and paying taxes, improve telephone 
service for taxpayers; and give employees immediate access to complete 
information and modern tools to do their jobs. These investments are 
also discussed in the text that accompanies Table 6-5, which displays 
advance appropriations for capital acquisitions.
  Other agencies.--Other major information technology purchases include 
funds to support science and space activities for NASA; to support law 
enforcement activities in the Department of Justice; to support the 
delivery of veterans health care services and improve the processing of 
veterans benefits claims, and for the General Services Administration. 
Also included are funds to support modernization of the National Weather 
Service in the Department of Commerce. This is discussed in the text 
accompanying Table 6-5.

                                                      Other Acquisitions

  This category includes facilities and major equipment not included 
above. The budget requests $51.2 billion for 1998 for the acquisitions 
included in this capital assets category. Most of this is for defense 
procurement of weapons.
  Department of Defense.--The budget requests $40.7 billion for 1998 to 
procure or modify weapons systems and related support equipment. This 
includes tactical fighter aircraft, airlift aircraft, naval vessels, 
tanks, helicopters, missiles, and vehicles.
  Department of Transportation.--The budget requests $2.2 billion for 
the Department of Transportation, which includes funds to modernize the 
air traffic control system and funds for the Coast Guard to acquire 
vessels and modernize shore facilities. Requests for advance 
appropriations for the air traffic control system in the Federal 
Aviation Administration are discussed with Table 6-5.
  Department of Energy.--This budget includes $2.0 billion for major 
facilities and equipment. These are largely for general science and 
research activities, environmental restoration, weapons activities, 
nuclear and non-nuclear energy activities, and the Bonneville Power 
Administration. This budget requests full upfront funding for many of 
these projects. These data are shown in Table 6-5 and described in the 
accompanying text.
  Army Corps of Engineers.--The budget requests $1.8 billion for 1998 
for capital assets for the Army Corps of Engineers. These funds finance 
construction, rehabilitation, and related activity for water resources 
development projects that provide navigation, flood control, water 
supply, hydroelectric, and other benefits. Table 6-5 identifies the 
amounts of upfront funding and advance appropriations requested for 
these programs and the accompanying text discusses these activities.
  Other agencies.--The largest item in this category is equipment for 
the Postal Service ($1.1 billion in 1998). Other major acquisitions in 
this category are for the Tennessee Valley Authority for dams, locks, 
and other facilities; the purchase of vehicles by the General Services 
Administration, and medical equipment to support the delivery of 
veterans health care.

                     Full Funding of Major Projects

  This budget proposes full funding for new capital projects and for 
many projects formerly funded incrementally.

[[Page 115]]

  The importance of full funding was discussed earlier in this Part and 
is also explained in the ``Principles of Budgeting for Capital Asset 
Acquisitions,'' which appears as an Appendix to this Part. This budget 
proposes to use this principle more consistently than in past years. 
Table 6-5 shows spending for capital projects proposed for full funding 
in this budget that might have been funded in increments in the past. 
This budget requests $7.7 billion in budget authority for 1998 and $14.4 
billion in advance appropriations for 1999-2003, for a total request of 
$22.1 billion for these projects for these years.

                                                 Army Corps of Engineers

  This budget requests $380 million in 1998 to fully fund upfront new 
projects and $228 million for 1998 and $575 million for 1999-2002 to 
fully fund ongoing projects that can be completed in 2002 or earlier. 
These funds finance construction, rehabilitation, and related activity 
for water resources development projects that provide navigation, flood 
control, water supply, hydroelectric, and other benefits.

                                                  Department of Commerce

  This budget requests $503 million for 1998 and $2,332 million in 
advance appropriations for 1999-2003 for capital asset acquisitions in 
the National Oceanic and Atmospheric Administration (NOAA). These 
acquisitions support the largest modernization in the history of the 
National Weather Service. The modernization is well underway and 
demonstrating improvements in weather forecasts and warnings that lead 
to lives and property saved. The budget supports this multi-year effort 
to develop and deploy advanced technology, including advanced radar 
equipment, other ground observing systems, and geostationary and polar-
orbiting satellites that will greatly improve the timeliness and 
accuracy of severe weather and flood warnings while reducing staffing 
requirements. The total request of $3,989 million in budget authority 
for 1998-2010 will complete the systems acquisition related to the 
modernization of the National Weather Service, procure the current and 
follow-on geostationary satellite series, the current polar orbiting 
satellite system, and several construction projects including 
construction of a new fisheries laboratory and science center.

                 Table 6-5.  PROPOSED SPENDING TO FULLY FUND SELECTED CAPITAL ASSET ACQUISITIONS                
                                    (Budget authority in millions of dollars)                                   
----------------------------------------------------------------------------------------------------------------
                                                                           Advance appropriations               
                                                Regular    -----------------------------------------------------
                                            appropriations                                                 Sum  
                                                 1998         1999     2000     2001     2002     2003    1999- 
                                                                                                           2003 
----------------------------------------------------------------------------------------------------------------
          ARMY CORPS OF ENGINEERS                                                                               
                                                                                                                
Construction:                                                                                                   
  Projects with full upfront funding \1\..          380     .......  .......  .......  .......  .......  .......
  Projects with advance appropriations \2\          228         277      177       89       32  .......      575
                                           ---------------------------------------------------------------------
  Subtotal, Army Corps of Engineers.......          608         277      177       89       32  .......      575
                                                                                                                
          DEPARTMENT OF COMMERCE                                                                                
                                                                                                                
National Oceanic and Atmospheric                                                                                
 Administration: Capital Assets                                                                                 
 Acquisition: \3\                                                                                               
  Projects with advance appropriations \2\          503         724      551      480      375      202    2,332
                                                                                                                
           DEPARTMENT OF ENERGY                                                                                 
                                                                                                                
National Defense Assets Acquisition:                                                                            
 Projects with full upfront funding \1\...        2,166     .......  .......  .......  .......  .......  .......
Science Assets Acquisition: Projects with                                                                       
 full upfront funding \1\.................          127     .......  .......  .......  .......  .......  .......
Energy Assets Acquisition: Projects with                                                                        
 full upfront funding \1\.................           42     .......  .......  .......  .......  .......  .......
                                           ---------------------------------------------------------------------
  Subtotal, Department of Energy..........        2,335     .......  .......  .......  .......  .......  .......
                                                                                                                
  DEPARTMENT OF HEALTH AND HUMAN SERVICES                                                                       
                                                                                                                
National Institutes of Health: Projects                                                                         
 with advance appropriations \2\..........           90          90       40  .......  .......  .......      130
Indian Health Service: Projects with                                                                            
 advance appropriations \2\...............           39          39       31  .......  .......  .......       70
                                           ---------------------------------------------------------------------
  Subtotal, Department of Health and Human                                                                      
   Services...............................          129         129       71  .......  .......  .......      200
                                                                                                                
        DEPARTMENT OF THE INTERIOR                                                                              
Bureau of Reclamation: Water and Related                                                                        
 Resources:                                                                                                     
  Projects with full upfront funding \1\..           17     .......  .......  .......  .......  .......  .......
  Projects with advance appropriations \2\            6          11        9  .......        1  .......       21
                                           ---------------------------------------------------------------------
    Subtotal, Bureau of Reclamation.......           23          11        9  .......        1  .......       21
National Park Service: Projects with                                                                            
 advance appropriations: \2\                                                                                    
  Construction............................           52          48       35       20       31       26      160
  Everglades Restoration Fund.............          100         100      100      100  .......  .......      300
                                           ---------------------------------------------------------------------
    Subtotal, National Park Service.......          152         148      135      120       31       26      460
                                           ---------------------------------------------------------------------
  Subtotal, Department of the Interior....          175         159      144      120       32       26      481
                                                                                                                
           DEPARTMENT OF JUSTICE                                                                                
                                                                                                                
Federal Bureau of Investigation: Salaries                                                                       
 and expenses: Projects with advance                                                                            
 appropriations \2\.......................           84          48  .......  .......  .......  .......       48
                                                                                                                
       DEPARTMENT OF TRANSPORTATION