CBO’s Projections of Federal Receipts and Expenditures in the National Income and Product Accounts: 2019 to 2029

United States Capitol Building in Washington, DC

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 May 2019 baseline projections using the NIPA framework.

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