This report examines some of the pressures on the federal budget that are likely to develop over the next 75 years. It is based on a 10-year baseline projections of July 2000. This document contains no recommendations. Graphs and tables.
"This Congressional Budget Office (CBO) publication provides additional information about long-term projections of the Social Security program's finances that were included in The long-term budget outlook (June 2010, revised August 2010) and in Social security policy (July 2010). Those projections, which cover the 75-year period spanning 2010 to 2084, and the additional information presented in this document update projections CBO prepared last year and reported in CBO's Long-term projections for social security : 2009 update." --Preface.
"The Congressional Budget Office (CBO") regularly evaluates the quality of its economic forecasts by comparing them with the economy s actual performance and with forecasts by the Administration and the "Blue Chip"consensus (an average of about 50 private-sector forecasts). CBO s forecasts generally have been comparable in quality with those of the Administration and the"Blue Chip"consensus. When CBO s projections have proved inaccurate by large margins, the errors have tended to reflect difficulties shared by other forecasters. This report evaluates CBO s macroeconomic forecast over two-year and five-year horizons. The periods used for the evaluations differ by variable and by forecast horizon, depending on the availability of the needed data. Additionally, sprinkled throughout this report are graphic representations of the data for comparisons versus Actual Growth and forecasted values by the CBO. Key figures included in this report include the following: Petroleum Prices and Consumer Price Inflation Forecasts by CBO and Revisions to Values for Real Gross Domestic Product Labor Productivity and Hours Growth in Real Output 2-year Forecasts Growth in National Output 2 year Forecasts Inflation Consumer Price Index 2 year Forecasts Difference Between Inflation in the Consumer Price Index (CPI) and the Inflation in the Gross Domestic Product (GDP) Price Index 2 year Forecasts GDP Price Index 5 year Forecasts Growth in Wages and Salaries 5 year Forecasts Inflation in Consumer Price Index 5 year Forests Keywords: Economic Forecasts; Federal Budget; Budget Projections; Consumer Price Index; Gross Domestic Product (GDP) Gross Domestic Product Index (GDPI); Financial; Money; Debt; America s spending projections; Money factors; Consumer Inflation; Workplace salaries and income; Employee salaries, wages, and income; Employee work productivity Employee work time and hours; Gas and Crude Oil prices; United States (U.S./US) Congressional Budget Office (CBO); CBO; Historical Financial data of America s spending and debt; Business cycle and trends; Interest Rates; United States (U.S./US)Federal Reserve; United States (U.S./US) Budget projections and data forecasts; Innovation; Education and Skills development; investment in human capital; capital expenditures; Recessions; Financial Markets fluctuations and growth; "
Update of 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: (1) The Budget Outlook; (2) The Economic Outlook; (3) Changes in Baseline Since March 2009; (4) The Government¿s Actions in Support of the Housing and Financial Markets. Tables and graphs.
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.
You can read books purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like the Sony eReader or Barnes & Noble Nook, you'll need to download a file and transfer it to your device. Please follow the detailed Help center instructions to transfer the files to supported eReaders.