Changes in CBO's Baseline Projections Since January 2001

Report

Updated June 7, 2012, to reflect actual results for 2011. The previous version used projections for 2011.

Each year, the Congressional Budget Office (CBO) issues baseline projections of federal spending and revenues for the following 10 years. Those projections are not intended as a forecast of future outcomes; rather, they are estimates of spending and revenues under the laws that are in effect at that time and are designed to provide a benchmark against which to measure future policy changes.