CBO’s Estimate of the Budgetary Effects of H.R. 2811, the Limit, Save, Grow Act of 2023

The Congressional Budget Office has estimated the budgetary effects of the Limit, Save, Grow Act of 2023, as posted on the website of the House Committee on Rules on April 19, 2023.

In total, CBO estimates, if the bill is enacted and if appropriations that would be subject to caps on discretionary funding in the next 10 years are equal to those limits as specified, CBO’s projection of budget deficits would be reduced by about $4.8 trillion over the 2023–2033 period, relative to CBO’s baseline (see Table 1). Reductions in discretionary outlays would amount to $3.2 trillion (see Table 2). Mandatory spending would, on net, decrease by $0.7 trillion, and revenues would, on net, increase by $0.4 trillion (see Table 3). As a consequence, interest on the public debt would decline by $0.5 trillion.