“The U.S. Department of the Treasury and the Office of Management and Budget today released the Fiscal Year (FY) 2009 Financial Report of the United States Government (Report). The Report details the U.S. Government’s current financial position, as well as its short-term and long-term financial outlook, complementing the President’s Budget released earlier this month. This year’s Report gives particular emphasis to two key issues: the Government’s ongoing efforts to jump-start the economy and create jobs, and the need to achieve fiscal sustainability over the medium and long term. The report is prepared pursuant to Federal accounting standards. For the third consecutive year, Treasury and OMB are also releasing an accompanying report: The Federal Governments Financial Health – A Citizens Guide to the Financial Report of the United States Government.”
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