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- Report
CBO reviews hundreds of bills and public laws for intergovernmental and private-sector mandates each year and estimates whether the annual costs of those mandates would exceed thresholds established in the Unfunded Mandates Reform Act. Data are available for calendar years 2013 through 2019, and new data are added periodically throughout the year.
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The House Budget Committee convened a hearing at which members of CBO's staff testified about the agency’s report Key Design Components and Considerations for Establishing a Single-Payer Health Care System. This document provides CBO’s answers to questions submitted for the record.
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This report projects the distributions of household income, means-tested transfers, and federal taxes under current law in 2021 and compares them with the actual distributions in 2016.
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In 2016, members of the reserve component received an average of $12,500 in benefits (measured in 2018 dollars) under the Post-9/11 GI Bill. This report describes their use of those benefits and compares how the reserve and regular components use their benefits.
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In its 2018 projections for fiscal year 2019, CBO overestimated revenues and underestimated outlays by 0.8 percent and 0.1 percent, respectively. CBO’s projection of the federal budget deficit in 2019 was less than the actual amount by 0.1 percent of GDP.
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In June 2019, CBO updated its long-term budget projections, including projections of the Social Security system’s finances. CBO compares those projections with its 2018 projections and with the Social Security trustees’ latest projections.
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The federal budget deficit was $342 billion for the first two months of fiscal year 2020, CBO estimates, $36 billion more than the deficit recorded during the same period last year.
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In 2016, the military services allocated $25 billion to base operations support (BOS). CBO explores characteristics of bases and the mission of the units they serve, analyzing the relationship between those characteristics and BOS costs.
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In fiscal year 2019, the budget deficit totaled $984 billion—$205 billion more than the shortfall recorded in 2018. Measured as a share of GDP, the deficit increased to 4.6 percent in 2019, up from 3.8 percent in 2018 and 3.5 percent in 2017.
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CBO’s economic forecasts have been comparable in quality to those of the Administration and the Blue Chip consensus. Large errors in CBO’s forecasts tend to reflect challenges faced by all forecasters.