TAILIEUCHUNG - 2004 Financial Report of the United States Government

An important purpose of the Financial Report is to help citizens and policymakers assess whether current fiscal policy is sustainable and, if it is not, the urgency and magnitude of policy reforms necessary to make it sustainable. A sustainable policy is one where the ratio of debt held by the public to GDP (the debt-to-GDP ratio) is stable in the long run. Sustainability concerns only whether long-run revenues and expenditures are in balance; it does not concern fairness or efficiency implications of the reforms necessary to achieve sustainability. To determine if current fiscal policies are sustainable, the projections. | 2004 Financial Report of the United States Government Contents A Message from the Secretary of the Management s Discussion and Government Accountability Office Report Comptroller General s Auditor s Financial Statements Statements of Net Statements of Operations and Changes in Net Reconciliations of Net Operating Cost and Unified Budget Statements of Changes in Cash Balance from Unified Budget and Other Balance Stewardship Information Unaudited Stewardship Statements of Social Notes to the Statements of Social Social Security and Railroad Retirement Black Lung and Unemployment Stewardship Stewardship Heritage Collection-Type Heritage Natural Heritage Cultural Heritage Stewardship Non-Federal Physical Human Research and Notes to the Financial Statements Note 1. Summary of Significant Accounting Note 2. Cash and Other Monetary Note 3. Accounts Receivable Note 4. Loans Receivable and Loan Guarantee Liabilities Note 5. Taxes Receivable Note 6. Inventories and Related Property Note 7. Property Plant and Equipment Note 8. Other Note 9. Accounts Note 10. Federal Debt Securities Held by the Public and Accrued Note 11. Federal Employee and Veteran Benefits Note 12. Environmental and Disposal Note 13. Benefits Due and Note 14. Other Note 15. Collections and Refunds of Federal Note 16. Unreconciled Transactions Affecting the Change in Net Note 17. Change in Accounting Principle and Prior Period Note 18. Note 19. Note 20. Dedicated Note 21. Indian

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