Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
Teri Gullo, CBO’s Assistant Director for Budget Analysis, was honored at an awards ceremony on Friday as a finalist for the Congressional Management Foundation’s lifetime achievement award.
In this primer, CBO discusses the methodological differences between the FCRA and fair-value approaches and how those differences affect estimates of the cost of federal credit programs.
The federal budget deficit was $607 billion for the first nine months of fiscal year 2018, CBO estimates, $84 billion more than the shortfall recorded during the same period last year.
CBO has updated its January 2018 report to the Congress on programs funded for fiscal year 2018 for which authorizations of appropriations have expired or will expire during the current fiscal year.