Download or read book Budget and Economic Outlook written by Peter Fontaine and published by DIANE Publishing. This book was released on 2008-06 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of a series of reports on the state of the budget and the economy that is issued each year; the report makes no recommendations. Contents: The Budget Outlook; The Economic Outlook; The Spending Outlook; The Revenue Outlook; Changes in the Baseline Since August 2007; Trust Funds and Measures of Debt; How Changes in Economic Assumptions Can Affect Budget Projections; The Treatment of Federal Receipts and Expenditures in the National Income and Product Accounts; Economic Projections for 2008 to 2018; Historical Budget Data; Contributors to the Revenue and Spending Projections; Glossary. Charts and tables.
Download or read book Budget and Economic Outlook Fiscal Years 2008 to 2018 written by and published by Government Printing Office. This book was released on with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports on the state of the US economy and the Federal budget through years 2018.
Download or read book Budget and Economic Outlook written by United States. Congressional Budget Office and published by Nova Science Publishers. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The state of the economy is particularly uncertain at the moment. The pace of economic growth slowed in 2007, and there are strong indications that it will slacken further in 2008. In CBO's view, the ongoing problems in the housing and financial markets and the high price of oil will curb spending by households and businesses this year and trim the growth of GDP. Although recent data suggest that the probability of a recession in 2008 has increased, CBO does not expect the slowdown in economic growth to be large enough to register as a recession. Economic performance worse than that suggested in CBO's forecast could significantly decrease projected revenues and increase projected spending. Furthermore, policy changes intended to mitigate the economic slowdown would, by design, tend to increase the budget deficit in the short term. CBO expects the economy to rebound after 2008, as the negative effects of the turmoil in the housing and financial markets fade. Under the assumptions that govern CBO's baseline, the budget deficit will amount to 1.5 percent of GDP or less each year from 2009 to 2011. Subsequently, the budget will show a small surplus of 0.5 percent of GDP in 2012 and remain near that level each year through 2018 (the end of the current 10-year projection period). CBO's baseline budget projections for the next 10 years are not a forecast of future outcomes; rather, they are based on the assumption that current laws and policies remain the same. The projections stem from longstanding procedures that were, until recently, specified in law, and they serve as a benchmark that lawmakers and others can use to assess the potential impact of future policy decisions.
Download or read book The Budget and Economic Outlook written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Budget and Economic Outlook written by United States. Congressional Budget Office and published by Nova Science Publishers. This book was released on 2009 with total page 195 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 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently enacted legislation and the continued sluggish behavior of the U.S. economy have reduced the projected federal budget surpluses for fiscal year 2001 and future years. The Congressional Budget Office (CBO) projects that the total budget surplus in fiscal year 2001 will be $153 billion-$122 billion lower than CBO estimated in May. About two-thirds of the decrease results from new legislation; one-third comes from a weaker economy and other factors. Despite that drop, if the $153 billion surplus materializes in 2001, it will equal 1.5 percent of gross domestic product (GDP), the second largest surplus as a share of the economy since 1951. With a smaller total surplus, CBO now projects a small on-budget deficit for this year. (The on-budget accounts exclude the spending and revenues of Social Security and the Postal Service.) If current tax and spending policies are maintained and the economy performs as CBO estimates, CBO projects small deficits or surpluses in on-budget accounts for the next four years; however, steadily increasing on-budget surpluses reemerge by the middle of the decade. The projected surpluses would allow all public debt that is available for redemption to be retired by 2010.
Download or read book An Update to the Budget and Economic Outlook Fiscal Years 2017 To 2027 written by Congressional Budget Office (U.S.) and published by Government Printing Office. This book was released on 2017-06-29 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn About America's Monetary Policy, Interest Rates, and Economic projections! CBO's economic forecast--which underlies its budget projections--indicates that, under current law, the economy will expand through 2018 at a pace that leads to further tightening of the labor market. Greater demand for workers will put downward pressure on the unemployment rate and upward pressure on the rate of labor force participation. As the amount of unused productive resources in the economy shrinks, inflation and interest rates are projected to rise. In the later part of the 10-year projection period, annual output growth is projected to average 1.9 percent, constrained by a relatively slow increase in the size of the nation's labor force. High school students and above may find this report beneficial for U.S. economy, economic conditions, and America's debt research papers. American citizens, small business, corporations, lobbyists, fiscal managers, economists, and media news outlets may find this information invaluable for understanding America's future growth and management of debt. Members of Congress, government agency personnel at Federal and State level, plus investors may be interested in this updated edition. Related products: Congressional Budget Reports & Economic Analyses resources collection can be found here: https://bookstore.gpo.gov/catalog/budget-economy/congressional-budget-reports-economic-analyses Budget of the U.S. Government, A New Foundation for American Greatness, Fiscal Year 2018 is available here: https://bookstore.gpo.gov/products/budget-united-states-government-fy-2018-paperback-book Major Savings and Reforms: Budget of the U.S. Government, Fiscal Year 2018 can be found here: https://bookstore.gpo.gov/products/major-savings-and-reforms-budget-us-government-fiscal-year-2018 Sign up today for an annual print subscription to Economic Indicators that provide economic information on gross domestic product, income, employment, prices, wages, production, business activity, security markets, Federal Finance, and more at this link: https://bookstore.gpo.gov/products/sku/752-004-00000-5?ctid=
Download or read book The Budget and Economic Outlook written by and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Budget and Economic Outlook 2018 to 2028 written by Government Publications Office and published by . This book was released on 2018-07-27 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Congressional Budget Office (CBO) routinely presents the latest possible forecast of economic activity projected a decade in advance. These forecasts are continually updated to reflect social, political, and economic changes that could impact financial reporting results.
Download or read book The Budget and Economic Outlook an Update written by and published by . This book was released on 2008 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Budget and Economic Outlook An Update written by and published by Government Printing Office. This book was released on with total page 96 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 Government Printing 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 The Budget and Economic Outlook written by and published by Government Printing Office. This book was released on 2008 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports on the state of the US economy and the Federal budget through years 2018.
Download or read book Budget and Economic Outlook Fiscal Years 2010 2021 written by Congressional Budget Office and published by Government Printing Office. This book was released on 2011 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States faces daunting economic and budgetary challenges. The economy has struggled to recover from the recent recession, which was triggered by a large decline in house prices and a financial crisis—events unlike anything this country has seen since the Great Depression. During the recovery, the pace of growth in the nation's output has been anemic compared with that during most other recoveries since World War II, and the unemployment rate has remained quite high. For the federal government, the sharply lower revenues and elevated spending deriving from the financial turmoil and severe drop in economic activity—combined with the costs of various policies implemented in response to those conditions and an imbalance between revenues and spending that predated the recession—have caused budget deficits to surge in the past two years. The deficits of $1.4 trillion in 2009 and $1.3 trillion in 2010 are, when measured as a share of gross domestic product (GDP), the largest since 1945—representing 10.0 percent and 8.9 percent of the nation's output, respectively. For 2011, the Congressional Budget Office (CBO) projects that if current laws remain unchanged, the federal budget will show a deficit of close to $1.5 trillion, or 9.8 percent of GDP. The deficits in CBO's baseline projections drop markedly over the next few years as a share of output and average 3.1 percent of GDP from 2014 to 2021. Those projections, however, are based on the assumption that tax and spending policies unfold as specified in current law. Consequently, they understate the budget deficits that would occur if many policies currently in place were continued, rather than allowed to expire as scheduled under current law.
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 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.
Download or read book Statement of Peter R Orszag Director The Budget and Economic Outlook written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: