The Us Budget & Economic Outlook 2006-2015
The Us Budget & Economic Outlook 2006-2015

Author: U. S. Congressional Budget Office

Publisher: Cosimo, Inc.

Published: 2005-06-01

Total Pages: 193

ISBN-13: 1596051647

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The Congressional Budget Office (CBO) projects that if current laws and policies remained the same, the federal government would run budget deficits of $368 billion in 2005 and $295 billion in 2006. However.those estimates omit a significant amount of spending that will occur this year-and conceivably for some time in the future-for U.S. military efforts in Iraq and Afghanistan and for other efforts in the war on terrorism.- Summary, The Budget and Economic Outlook: Fiscal Years 2006 to 2015The Budget and Economic Outlook presents topics related to leading economic issues including: .A review of 2004's budget outlook and the concept behind CBO's baseline projections.The importance of productivity growth for economic and budget projections as well as an overview of CBO's two-year forecast.Revenues by source and revenue projections in detail.An outlook of mandatory and discretionary spending, including net interest .Budget resolution targets vs. actual budget outcomesTHE U.S. BUDGET & ECONOMIC OUTLOOK: 2006-2015 is one of a series of reports on the state of the U.S. budget and economy that the Congressional Budget Office (CBO) issued each year. It is the requirement of Section 202(e) of the Congressional Budget Act of 1974 for the CBO to submit to the Committees on the Budget periodic reports about fiscal policy and to provide baseline projections of the federal budget. In accordance with the CBO's mandate to provide impartial analysis, the report makes no recommendations. For additional information about the Congressional Budget Office, please visit www.cbo.gov.

The Budget and Economic Outlook: Fiscal Years 2006 to 2015
The Budget and Economic Outlook: Fiscal Years 2006 to 2015

Author:

Publisher:

Published: 2005

Total Pages: 179

ISBN-13:

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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 baseline projections of the federal budget. In accordance with CBO's mandate to provide impartial analysis, the report makes no recommendations. Chapter 1, The Budget Outlook, provides a review of 2004 followed by discussions on The Concept Behind CBO's Baseline Projections, Uncertainty and Budget Projections, The Long-Term Outlook, Changes to the Budget Outlook Since September 2004, The Outlook for Federal Debt, and Trust Funds and the Budget. Chapter 2, The Economic Outlook, presents an Overview of CBO's Two-Year Forecast followed by discussions of The Importance of Productivity Growth for Economic and Budget Projections, The Outlook for 2005 and 2006, The Economic Outlook through 2015, Taxable Income, Changes in CBO's Outlook Since September 2004, and A Comparison of Forecasts. Chapter 3, The Spending Outlook, focuses on Mandatory Spending, Discretionary Spending, and Net Interest. Chapter 4, The Revenue Outlook, examine Revenues by Source, Revenue Projections in Detail, Uncertainty in the Revenue Baseline, Revisions to CBO's September 2004 Revenue Projections, and The Effects of Expiring Tax Provisions. Appendixes A through F focus on the following: How Changes in Economic Assumptions Can Affect Budget Projections, The Treatment of Federal Receipts and Expenditures in the National Income and Product Accounts, Budget Resolution Targets and Actual Outcomes, Forecasting Employers' Contributions to Defined-Benefit Pensions and Health Insurance, CBO's Economic Projections for 2005 to 2015, Historical Budget Data, and Contributors to the Revenue and Spending Projections. A glossary completes the report.

The Budget and Economic Outlook
The Budget and Economic Outlook

Author: Congressional Budget Congressional Budget Office

Publisher: Createspace Independent Publishing Platform

Published: 2014-11-12

Total Pages: 0

ISBN-13: 9781503186644

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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).

The Budget and Economic Outlook
The Budget and Economic Outlook

Author: Christine Bogusz

Publisher: Congressional Budget Office

Published: 2013

Total Pages: 80

ISBN-13: 9780160917141

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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.

An Update to the Budget and Economic Outlook: Fiscal Years 2017 To 2027
An Update to the Budget and Economic Outlook: Fiscal Years 2017 To 2027

Author: Congressional Budget Office (U.S.)

Publisher: Government Printing Office

Published: 2017-06-29

Total Pages: 36

ISBN-13: 9780160939884

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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=

Budget and Economic Outlook
Budget and Economic Outlook

Author: Christian Howlett

Publisher: DIANE Publishing

Published: 2011

Total Pages: 112

ISBN-13: 143793871X

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This is a print on demand edition of a hard to find publication. Contents: (1) The Budget Outlook: The Budget Deficit, Revenues, and Outlays in 2010; Baseline Budget Projections for 2011 to 2020; Budgetary Effects of Alternative Policy Actions; The Long-Term Budget Outlook; (2) The Economic Outlook: Factors Affecting the Pace of the Recovery; Labor Markets through 2014; Inflation Through 2014; Some Uncertainties in the Short-Term Economic Outlook; Output, Employment, and Inflation from 2015 Through 2020; Income from 2010 Through 2020; Comparison with the January 2010 Forecast; Comparison with Other Forecasts; (3) Changes in the Baseline Since March 2010; (4) A Comparison of various Baselines. Charts and tables.