From 2010 through 2016, the Veterans Benefits Administration spent $65 billion on educational benefits for 1.6 million veterans, spouses and children, mostly for veterans’ tuition, fees, and housing. In 2016, VBA spent an average of $17,400 per beneficiary.
CBO Blog
Overall, our baseline budget projections, which reflect the assumption that current laws generally remain in place, have changed little since January, when we released The Budget and Economic Outlook: 2019 to 2029. In our projections, federal debt continues to rise from its already high level because of persistently large budget deficits.
CBO projects a deficit of $896 billion for 2019—$1 billion less than the deficit it projected in January. Federal debt held by the public is projected to grow from 78 percent of gross domestic product in 2019 to 92 percent in 2029.
CBO and JCT project that federal subsidies, taxes, and penalties associated with health insurance coverage for people under age 65 will result in a net subsidy from the federal government of $737 billion in 2019 and $1.3 trillion in 2029.
This report describes the primary features of single-payer systems, and it discusses some of the design considerations and choices that policymakers will face in developing proposals for establishing such a system in the United States.
CBO estimates that the net cost of the TARP will total $31 billion—$1 billion less than it estimated in March 2018 because of a decrease in projected disbursements for mortgage programs. Almost all of the TARP’s transactions have been completed.
This interactive tool lets users select different combinations of policies and see the effect on the finances of the Social Security system, as well as the impact on different groups of people.
From 1993 to 2017, the Navy conducted 117 maintenance overhauls of attack submarines and sent 29 to private shipyards. Overhauls conducted at private shipyards were 31 percent less expensive, on average, a gap that has narrowed recently.
CBO released four products that, in combination, explain how the agency uses its new health insurance simulation model, HISIM2, to generate estimates of health insurance coverage and premiums for people under age 65.
On May 2, CBO plans to release updated 10-year baseline budget projections. At the same time, CBO will release Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029.