Download or read book How CBO Prepares Baseline Budget Projections written by Mark B. Booth and published by . This book was released on 2018 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Baseline Budget Projections for Fiscal Years written by and published by . This book was released on 1984 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Long term Budget Outlook written by and published by . This book was released on 2015 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Budget and Economic Outlook written by Christine Bogusz and published by Congressional Budget Office. This book was released on 2013 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports on the state of the Federal budget and the United States economy. Each January, the Congressional Budget (CBO) prepares "baseline" Federal budget projections and the outlook for the United States economy spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured. Therefore, as specified in law, those projections generally incorporate the assumption that current laws are implemented. But substantial changes to tax and spending policies are slated to take effect in calendar year 2013 under current law. So CBO has also prepared projections under an "alternative fiscal scenario," in which some current or recent policies are assumed to continue in effect, even though, by law, they are scheduled to change. The decisions made by lawmakers as they confront those policy choices will have a significant impact on budget outcomes in the coming years.
Download or read book How CBO Prepares Cost Estimates written by Theresa Gullo and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Budget Options written by United States. Congressional Budget Office and published by . This book was released on 1977 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Budget and Economic Outlook an Update written by and published by . This book was released on 2006 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How CBO Prepares Cost Estimates written by and published by . This book was released on 2018 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: CBO’s cost estimates provide information that the Congress can use as it implements rules and procedures in considering legislation that would a ect the federal budget. is document provides answers to questions that CBO is frequently asked about how it prepares cost estimates.
Download or read book The Economic and Budget Outlook an Update written by and published by . This book was released on 1989 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How CBO Reflects Anticipated Administrative Actions in Its Baseline Projections written by Peter R. Orszag and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A CBO Study The Budget and Economic Outlook An Update written by and published by . This book was released on 2003 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is one of a series of reports on the state of the budget and the economy that the Congressional Budget Office (CBO) issues each year. It satisfies the requirement of section 202(e) of the Congressional Budget Act of 1974 for CBO to submit to the Committees on the Budget periodic reports about fiscal policy and to provide five-year baseline projections of the federal budget. In accordance with CBO's mandate to provide impartial analysis, the report makes no recommendations.
Download or read book The Uncertainty of Budget Projections A Discussion of Data and Methods written by and published by . This book was released on 2006 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: On January 26, 2006, the Congressional Budget Office (CBO) released The Budget and Economic Outlook: Fiscal Years 2007 to 2016, which presents CBO's latest projections of federal revenues and outlays for that period. Chapter 1 of that report includes a brief discussion of the uncertainty, in CBO's baseline projection of the total budget balance and shows a figure (reproduced here as Figure 1) illustrating how that uncertainty increases as the projections extend into the future. This supplementary report describes the data and methods used to construct that figure. Throughout this document, the word "deviation" indicates the difference between CBO's projections and actual outcomes, unless specified otherwise. For example, the deviation from a projected budget balance means the difference between the actual budget outcome and the projected value. In brief, CBO calculated measures of uncertainty using the deviations from its past projections that arose from economic and technical factors. Uncertainty arising from legislation was not considered because baseline projections assume that current tax and spending policies remain in place.
Download or read book The Budget and Economic Outlook written by Christine Bogusz and published by Congressional Budget Office. This book was released on 2012-03 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports on the state of the Federal budget and the United States economy. Each January, the Congressional Budget (CBO) prepares "baseline" Federal budget projections and the outlook for the United States economy spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured. Therefore, as specified in law, those projections generally incorporate the assumption that current laws are implemented. But substantial changes to tax and spending policies are slated to take effect in calendar year 2013 under current law. So CBO has also prepared projections under an "alternative fiscal scenario," in which some current or recent policies are assumed to continue in effect, even though, by law, they are scheduled to change. The decisions made by lawmakers as they confront those policy choices will have a significant impact on budget outcomes in the coming years.
Download or read book The Budget and Economic Outlook written by Congressional Budget Congressional Budget Office and published by Createspace Independent Publishing Platform. This book was released on 2014-11-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal budget deficit has fallen sharply duringthe past few years, and it is on a path to decline further this year and next year. The Congressional Budget Office (CBO) estimates that under current law, the deficit will total $514 billion in fiscal year 2014, compared with $1.4 trillion in 2009. At that level, this year's deficit would equal 3.0 percent of the nation's economic output, or gross domestic product (GDP)-close to the average percentage of GDP seen during the past 40 years.As it does regularly, CBO has prepared baseline projections of what federal spending, revenues, and deficits would look like over the next 10 years if current laws governing federal taxes and spending generally remained unchanged. Under that assumption, the deficit is projected to decrease again in 2015-to $478 billion, or2.6 percent of GDP (see Summary Table 1). After that, however, deficits are projected to start rising-both in dollar terms and relative to the size of the economy- because revenues are expected to grow at roughly the same pace as GDP whereas spending is expected to grow more rapidly than GDP. In CBO's baseline, spending is boosted by the aging of the population, the expansion offederal subsidies for health insurance, rising health care costs per beneficiary, and mounting interest costs on federal debt. By contrast, all federal spending apart from outlays for Social Security, major health care programs, and net interest payments is projected to drop to its lowestpercentage of GDP since 1940 (the earliest year forwhich comparable data have been reported).
Download or read book Baseline Budget Projections written by Marc Labonte and published by . This book was released on 2008 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Budget and Economic Out Look written by Robert Sunshine and published by . This book was released on 2003-12-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is one of a series of reports on the state of the budget and the economy that the Congressional Budget Office (CBO) issues each year. Chapters: (1) The Budget Outlook: A Look at 2003; Baseline Budget Projections for 2004 Through 2013; Budget Projections Under Alternative Scenarios; Changes to the Budget Outlook Since March; and The Long-Term Outlook. (2) The Economic Outlook: CBO's Two-Year Outlook; and The Outlook Beyond 2004. Appendices: A Comparison of CBO's and the Office of Mgmt. and Budget's (OMB) Baselines; The Treatment of Federal Transactions in the National Income and Product Accounts; CBO's Economic Projections for 2003 Through 2013; and Contributors to the Revenue and Spending Projections. Tables.
Download or read book The Budget and Economic Outlook written by Congressional Budget Office and published by Createspace Independent Pub. This book was released on 2013-01-15 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is one of a series of reports on the state of the budget and the economy that the Congressional Budget Office (CBO) issues each year. It satisfies the requirement of section 202(e) of the Congressional Budget and Impoundment Control Act of 1974 that CBO submit to the Committees on the Budget periodic reports about fiscal policy and its baseline projections of the federal budget. In accordance with CBO's mandate to provide objective, impartial analysis, the report makes no recommendations. The economic projections were prepared by CBO's Macroeconomic Analysis Division. The revenue estimates were prepared by the agency's Tax Analysis Division, with assistance from the staff of the Joint Committee on Taxation. The spending projections were prepared by CBO's Budget Analysis Division. The federal budget deficit—although starting to shrink—remains very large by historical standards. How much and how quickly the deficit declines will depend in part on how well the economy does over the next few years. Probably more critical, though, will be the fiscal policy choices made by lawmakers as they face the substantial changes to tax and spending policies that are slated to take effect within the next year under current law. The pace of the economic recovery has been slow since the recession ended in June 2009, and the Congressional Budget Office (CBO) expects that, under current laws governing taxes and spending, the economy will continue to grow at a sluggish pace over the next two years. That pace of growth partly reflects the dampening effect on economic activity from the higher tax rates and curbs on spending scheduled to occur this year and especially next. Although CBO projects that growth will pick up after 2013, the agency expects that the economy's output will remain below its potential until 2018 and that the unemployment rate will remain above 7 percent until 2015.
