Budget and Economic Outlook 2017 to 2027

Budget and Economic Outlook 2017 to 2027

Author: Congress, Congressional Budget Office

Publisher: Government Printing Office

Published: 2017-06-14

Total Pages: 104

ISBN-13: 9780160937200

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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. For the present period, the CBO outlook is summarized as follows: * The Budget Deficit for 2017 Is Projected to Be Similar to Last Year's. * Growing Deficits Through 2027 Are Projected to Drive Up Federal Debt. * The Projected Deficit for 2017 Is Smaller than CBO's August 2016 Estimate, but the Cumulative Deficit Is Largely Unchanged. * CBO Expects Moderate Economic Growth to Continue. * Economic Activity Is Projected to Be Modestly Lower Than CBO Estimated in August.


Book Synopsis Budget and Economic Outlook 2017 to 2027 by : Congress, Congressional Budget Office

Download or read book Budget and Economic Outlook 2017 to 2027 written by Congress, Congressional Budget Office and published by Government Printing Office. This book was released on 2017-06-14 with total page 104 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. For the present period, the CBO outlook is summarized as follows: * The Budget Deficit for 2017 Is Projected to Be Similar to Last Year's. * Growing Deficits Through 2027 Are Projected to Drive Up Federal Debt. * The Projected Deficit for 2017 Is Smaller than CBO's August 2016 Estimate, but the Cumulative Deficit Is Largely Unchanged. * CBO Expects Moderate Economic Growth to Continue. * Economic Activity Is Projected to Be Modestly Lower Than CBO Estimated in August.


The Budget and Economic Outlook

The Budget and Economic Outlook

Author: Congressional Budget Office (US)

Publisher: Createspace Independent Publishing Platform

Published: 2017-03-02

Total Pages: 104

ISBN-13: 9781544034997

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I n fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation's economic output. The Congre ssional Budget Office pro- jects that over the next deca de, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory-the result of strong growth in spending for retirement an d health care programs tar- geted to older people and rising interest payments on the government's debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic prod- uct (GDP) since shortly after World War II. CBO's estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous esti- mates, primarily because mandatory spending is expected to be lower than earlier anticipated. 1 However, the cur- rent projection for the cumulative deficit for the 2017- 2026 period is about the same as that reported in August


Book Synopsis The Budget and Economic Outlook by : Congressional Budget Office (US)

Download or read book The Budget and Economic Outlook written by Congressional Budget Office (US) and published by Createspace Independent Publishing Platform. This book was released on 2017-03-02 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: I n fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation's economic output. The Congre ssional Budget Office pro- jects that over the next deca de, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory-the result of strong growth in spending for retirement an d health care programs tar- geted to older people and rising interest payments on the government's debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic prod- uct (GDP) since shortly after World War II. CBO's estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous esti- mates, primarily because mandatory spending is expected to be lower than earlier anticipated. 1 However, the cur- rent projection for the cumulative deficit for the 2017- 2026 period is about the same as that reported in August


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=


Book Synopsis An Update to the Budget and Economic Outlook: Fiscal Years 2017 To 2027 by : Congressional Budget Office (U.S.)

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=


Budget and Economic Outlook

Budget and Economic Outlook

Author: Congressional Budget Office

Publisher: Government Printing Office

Published: 2016-10-06

Total Pages: 172

ISBN-13: 9780160932182

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Ten year economic forecast of theFederal budgetby the CBO for long term governmental planning and a valuable tool for decision-making by associated private sector industries. An important resource for media news organizations to inform the general public of the potential impactthe economic climate has in personal life choices and decisions by Congress in shaping legislation effecting social and other key Federal public management responsibilities. The CBO updates the Outlook on a yearly basis to ensure the latest economicchanges are factored into the forecast.Other related products: Fiscal Year 2016 U.S. Federal Budget can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year/fiscal-year-2016-budgetFiscal Year 2017 U.S. Federal Budget can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year/fiscal-year-2017-budgetEconomic Indicators print annual subscription with monthly issue releases can be found here: https: //bookstore.gpo.gov/products/sku/752-004-00000-5?ctid= "


Book Synopsis Budget and Economic Outlook by : Congressional Budget Office

Download or read book Budget and Economic Outlook written by Congressional Budget Office and published by Government Printing Office. This book was released on 2016-10-06 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ten year economic forecast of theFederal budgetby the CBO for long term governmental planning and a valuable tool for decision-making by associated private sector industries. An important resource for media news organizations to inform the general public of the potential impactthe economic climate has in personal life choices and decisions by Congress in shaping legislation effecting social and other key Federal public management responsibilities. The CBO updates the Outlook on a yearly basis to ensure the latest economicchanges are factored into the forecast.Other related products: Fiscal Year 2016 U.S. Federal Budget can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year/fiscal-year-2016-budgetFiscal Year 2017 U.S. Federal Budget can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year/fiscal-year-2017-budgetEconomic Indicators print annual subscription with monthly issue releases can be found here: https: //bookstore.gpo.gov/products/sku/752-004-00000-5?ctid= "


An Update to the Budget and Economic Outlook: Fiscal Years 2015 to 2025

An Update to the Budget and Economic Outlook: Fiscal Years 2015 to 2025

Author: Congressional Budget Office

Publisher: Government Printing Office

Published: 2015-09-16

Total Pages: 82

ISBN-13: 9780160930065

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Learn About America’s Monetary Policy, Interest Rates, and Economic projections! Interspersed with attractive graphics and tabular data, this updated report estimates that this year’s deficit will be noticeably smaller than the U.S. Congressional Budget Office (CBO) projected in March, and fiscal year 2015 will mark the sixth consecutive year in which the deficit declined as a percentage of gross domestic product (GDP) since it peaked in 2009. This report provides economists, fiscal planners, and budget teams with a valuable tool for long-term decision making based on CBO’s projections. In addition to the Gross Domestic Product and its growth, this report also provides guidance for areas of Federal revenues, Baseline Budget Projections for 2016 to 2025, and Federal Debt from 2016 to 2025, plus more. 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.


Book Synopsis An Update to the Budget and Economic Outlook: Fiscal Years 2015 to 2025 by : Congressional Budget Office

Download or read book An Update to the Budget and Economic Outlook: Fiscal Years 2015 to 2025 written by Congressional Budget Office and published by Government Printing Office. This book was released on 2015-09-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn About America’s Monetary Policy, Interest Rates, and Economic projections! Interspersed with attractive graphics and tabular data, this updated report estimates that this year’s deficit will be noticeably smaller than the U.S. Congressional Budget Office (CBO) projected in March, and fiscal year 2015 will mark the sixth consecutive year in which the deficit declined as a percentage of gross domestic product (GDP) since it peaked in 2009. This report provides economists, fiscal planners, and budget teams with a valuable tool for long-term decision making based on CBO’s projections. In addition to the Gross Domestic Product and its growth, this report also provides guidance for areas of Federal revenues, Baseline Budget Projections for 2016 to 2025, and Federal Debt from 2016 to 2025, plus more. 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.


The Economic and Budget Outlook, an Update

The Economic and Budget Outlook, an Update

Author:

Publisher:

Published: 1981

Total Pages: 618

ISBN-13:

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Book Synopsis The Economic and Budget Outlook, an Update by :

Download or read book The Economic and Budget Outlook, an Update written by and published by . This book was released on 1981 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Budget and Economic Outlook

Budget and Economic Outlook

Author: Congressional Budget Office

Publisher: Government Printing Office

Published: 2015-02-15

Total Pages: 184

ISBN-13: 9780160927430

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Reports on the state of the United States economy and the Federal budget.


Book Synopsis Budget and Economic Outlook by : Congressional Budget Office

Download or read book Budget and Economic Outlook written by Congressional Budget Office and published by Government Printing Office. This book was released on 2015-02-15 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports on the state of the United States economy and the Federal budget.


An Analysis of the President's 2018 Budget

An Analysis of the President's 2018 Budget

Author: United States Congressional Budget Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-09-14

Total Pages: 24

ISBN-13: 9781976352256

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In their analysis of the President's budget, CBO and JCT generally produce detailed "conventional" estimates of the President's proposals for individual provisions- as well as for the deficit and debt-that exclude any feedback from macroeconomic effects; the agencies also produce "dynamic" estimates that include economic feedback effects on the budget for the set of proposals as a whole. The economic projections used in the conventional analysis reflect CBO's recently published baseline projections, which incorporate the assumption that current laws governing federal outlays and revenues will remain generally unchanged.1 Excluding economic feedback effects, CBO and JCT estimate, federal budget deficits under the President's proposals would shrink relative to the size of the economy over the coming decade, ranging between 2.6 percent and 3.3 percent of gross domestic product (GDP) during that period. As a result, the cumulative federal deficit would be nearly one-third smaller than in CBO's baseline projections for the 2018-2027 period. (Those baseline projections show deficits rising to more than 5 percent of GDP by 2027.) By the end of the coming decade, debt held by the public would total 80 percent of GDP-11 percentage points below the debt-to-GDP 1. CBO regularly produces such baseline projections, which serve as a benchmark against which the President's proposals and other potential legislation can be measured. For the latest projections, see Congressional Budget Office, An Update to the Budget and Economic Outlook: 2017 to 2027 (June 2017), www.cbo.gov/ publication/52801. Those projections incorporate the effects of legislation enacted and administrative actions taken through June 19, 2017. ratio projected in CBO's baseline but 3 percentage points higher than the ratio anticipated for the end of this year. The reduction in deficits and debt under the President's budget would be achieved by decreasing both mandatory and discretionary spending significantly compared with projections under current law. In particular, federal spending for health care would be much lower than the amounts in CBO's baseline, as would outlays for warrelated programs and for many nondefense purposes. Revenues also would be lower than baseline amounts under the President's proposals, offsetting some of the deficit reduction achieved by the spending cuts. Such reductions in the deficit would have effects on the economy that would further decrease deficits by modest amounts. Including just the effects of economic feedback from deficit reduction would reduce the cumulative deficit over the next 10 years by roughly $160 billion-or about 0.1 percent of GDP, on average-compared with CBO and JCT's conventional estimate of the President's proposals. In 2027, debt held by the public would be lower by 0.6 percent of GDP.


Book Synopsis An Analysis of the President's 2018 Budget by : United States Congressional Budget Office

Download or read book An Analysis of the President's 2018 Budget written by United States Congressional Budget Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-14 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In their analysis of the President's budget, CBO and JCT generally produce detailed "conventional" estimates of the President's proposals for individual provisions- as well as for the deficit and debt-that exclude any feedback from macroeconomic effects; the agencies also produce "dynamic" estimates that include economic feedback effects on the budget for the set of proposals as a whole. The economic projections used in the conventional analysis reflect CBO's recently published baseline projections, which incorporate the assumption that current laws governing federal outlays and revenues will remain generally unchanged.1 Excluding economic feedback effects, CBO and JCT estimate, federal budget deficits under the President's proposals would shrink relative to the size of the economy over the coming decade, ranging between 2.6 percent and 3.3 percent of gross domestic product (GDP) during that period. As a result, the cumulative federal deficit would be nearly one-third smaller than in CBO's baseline projections for the 2018-2027 period. (Those baseline projections show deficits rising to more than 5 percent of GDP by 2027.) By the end of the coming decade, debt held by the public would total 80 percent of GDP-11 percentage points below the debt-to-GDP 1. CBO regularly produces such baseline projections, which serve as a benchmark against which the President's proposals and other potential legislation can be measured. For the latest projections, see Congressional Budget Office, An Update to the Budget and Economic Outlook: 2017 to 2027 (June 2017), www.cbo.gov/ publication/52801. Those projections incorporate the effects of legislation enacted and administrative actions taken through June 19, 2017. ratio projected in CBO's baseline but 3 percentage points higher than the ratio anticipated for the end of this year. The reduction in deficits and debt under the President's budget would be achieved by decreasing both mandatory and discretionary spending significantly compared with projections under current law. In particular, federal spending for health care would be much lower than the amounts in CBO's baseline, as would outlays for warrelated programs and for many nondefense purposes. Revenues also would be lower than baseline amounts under the President's proposals, offsetting some of the deficit reduction achieved by the spending cuts. Such reductions in the deficit would have effects on the economy that would further decrease deficits by modest amounts. Including just the effects of economic feedback from deficit reduction would reduce the cumulative deficit over the next 10 years by roughly $160 billion-or about 0.1 percent of GDP, on average-compared with CBO and JCT's conventional estimate of the President's proposals. In 2027, debt held by the public would be lower by 0.6 percent of GDP.


The Budget and Economic Outlook, an Update

The Budget and Economic Outlook, an Update

Author:

Publisher:

Published: 2000

Total Pages: 434

ISBN-13:

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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 434 pages. Available in PDF, EPUB and Kindle. Book excerpt:


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.


Book Synopsis The Budget and Economic Outlook by : Christine Bogusz

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.