Cbo Budget And Economic Outlook Fiscal Years 2008 2017
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The Budget And Economic Outlook Fiscal Years 2008 To 2017
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Author :
language : en
Publisher:
Release Date : 2007
The Budget And Economic Outlook Fiscal Years 2008 To 2017 written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
If current laws and policies remained the same, the budget deficit would equal roughly 1 percent of gross domestic product (GDP) each fiscal year from 2007 to 2010, the Congressional Budget Office (CBO) projects. Those deficits would be smaller than last year's budgetary shortfall, which equaled 1.9 percent of GDP (see Summary Table 1). Under the assumptions that govern CBO's baseline projections, the budget would essentially be balanced in 2011 and then would show surpluses of about 1 percent of GDP each year through 2017 (the end of the current 10-year projection period). The favorable outlook suggested by those 10-year projections, however, does not indicate a substantial change in the nation's long-term budgetary challenges. The aging of the population and continuing increases in health care costs are expected to put considerable pressure on the budget in coming decades. Economic growth alone is unlikely to be sufficient to alleviate that pressure as Medicare, Medicaid, and (to a lesser extent) Social Security require ever greater resources under current law. Either a substantial reduction in the growth of spending, a significant increase in tax revenues relative to the size of the economy, or some combination of spending and revenue changes will be necessary to promote the nation's longterm fiscal stability. CBO's baseline budget projections for the next 10 years, moreover, are not a forecast of future outcomes; rather, they are a benchmark that lawmakers and others can use to assess the potential impact of future policy decisions. The deficits and surpluses in the current baseline are predicated on two key projections.
Budget And Economic Outlook
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Author : Peter Fontaine
language : en
Publisher: DIANE Publishing
Release Date : 2008-06
Budget And Economic Outlook written by Peter Fontaine and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06 with Business & Economics categories.
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.
Budget And Economic Outlook Fiscal Years 2008 To 2018
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Author :
language : en
Publisher: Government Printing Office
Release Date :
Budget And Economic Outlook Fiscal Years 2008 To 2018 written by and has been published by Government Printing Office this book supported file pdf, txt, epub, kindle and other format this book has been release on with Budget categories.
Reports on the state of the US economy and the Federal budget through years 2018.
The Budget And Economic Outlook Fiscal Years 2008 To 2018
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Author :
language : en
Publisher:
Release Date : 2008
The Budget And Economic Outlook Fiscal Years 2008 To 2018 written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
The Congressional Budget Office (CBO) projects that after three years of declining budget deficits, a slowing economy this year will contribute to an increase in the deficit. Under an assumption that current laws and policies do not change, CBO projects that the budget deficit will rise to 1.5 percent of gross domestic product (GDP) in 2008 from 1.2 percent in 2007 (see Summary Table 1). Enactment of legislation to provide economic stimulus or additional funding for military operations in Iraq and Afghanistan could further increase the deficit for this year. 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. 1 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
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Author : United States. Congressional Budget Office
language : en
Publisher:
Release Date : 2017
Cbo written by United States. Congressional Budget Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Budget categories.
The Congressional Budget Office S Budget And Economic Outlook
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Author : United States. Congress. House. Committee on the Budget
language : en
Publisher:
Release Date : 2007
The Congressional Budget Office S Budget And Economic Outlook written by United States. Congress. House. Committee on the Budget and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
The Budget And Economic Outlook
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Author :
language : en
Publisher:
Release Date : 2007
The Budget And Economic Outlook written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Budget categories.
Public Budgeting Systems
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Author : Robert D. Lee Jr.
language : en
Publisher: Jones & Bartlett Publishers
Release Date : 2009-11-09
Public Budgeting Systems written by Robert D. Lee Jr. and has been published by Jones & Bartlett Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-09 with Business & Economics categories.
A complete and balanced reference, Public Budgeting Systems, Eighth Edition surveys the current state of budgeting throughout all levels of the United States government. The text emphasizes methods by which financial decisions are reached within a system as well as ways in which different types of information are used in budgetary decision-making. It also stresses the use of program information, since, for decades, budget reforms have sought to introduce greater program considerations into financial decisions. This updated text includes more cases studies and practical information, figures and charts to make the information more accessible, as well as additional student problems. Using this text, students will gain a first-rate understanding of methods by which financial decisions are reached within a system, and how different types of information are used in budgetary decision-making.
An Analysis Of The President S Budgetary Proposals For Fiscal Year
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Author : United States. Congressional Budget Office
language : en
Publisher:
Release Date : 2007
An Analysis Of The President S Budgetary Proposals For Fiscal Year written by United States. Congressional Budget Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Budget categories.
Understanding Government Budgets
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Author : R. Mark Musell
language : en
Publisher: Routledge
Release Date : 2009-09-10
Understanding Government Budgets written by R. Mark Musell and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-10 with Business & Economics categories.
Budgets in the United States follow rules of presentation and use terms that make sense to few outside the world of government finance. Moreover, practices vary widely among the thousands of governments in the country, between federal, state, and local levels. Understanding Government Budgets offers detailed explanations of each of the different types of information found in budgets, featuring annotated examples from both state and local budgets, as well as the budget of the federal government. It stresses that the choices made about format and organization influence the story a budget tells about government. The goal of the book is to make the format of budgets and the information they contain accessible and understandable, helping users make better sense of government and its performance. Perfect for undergraduate or graduate level courses in budgeting and public administration, Understanding Government Budgets also makes a useful guide to budgets for the average citizen with an interest in how government operates or journalists writing about it.