Mid Session Review of the Economic And Budget Outlook Hearing Before the Commi
Mid Session Review of the Economic And Budget Outlook Hearing Before the Commi
United States Congress House Committee On the B
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Panetta. The answer to your first question is, yes, we do have more savings that are built into reinventing government. Some of it acknowledges some of the steps that are in place. For example, the 100, 000 employees that we have targeted, we had al- ready put into an Executive Order but we are going to be putting that into effect for 1995. But above and beyond that, we are achiev- ing additional savings over this next 5-year period. We have Mr. Shays. Do you know the amount that would be? Do y...ou have a number we can associate with that? Mr. Panetta. In reinventing government there is a proposed tar- get of $109 billion, as a result of procurement changes Mr. Shays. Would that be in addition to the numbers in the President's 5-year plan or will they be part of the 5-year plan? Mr. Panetta. There is a portion of those on the 100, 000 employ- ees that we have already put in place. But the bulk of those sav- ings are new savings that will go for deficit reduction and maybe some additional investment as well.
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