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- Report
In 2018, CBO continued to bolster its efforts to be transparent. This report fulfills CBO’s requirement to provide plans for future transparency efforts within 90 days of the enactment of its appropriation for 2019.
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In its June 2017 projections, CBO overestimated federal outlays and revenues for fiscal year 2018 by 1.7 percent and 1.2 percent, respectively. The projected federal budget deficit for 2018 was 3.7 percent more than the actual amount.
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In a letter to Senator Mike Enzi, CBO provides additional information about its progress in updating its health insurance simulation model (HISIM).
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The Senate Budget Committee convened a hearing at which Director Keith Hall testified about an update on transparency at CBO. This document provides CBO’s answers to questions submitted for the record by Chairman Enzi and Senator Crapo.
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On September 13, 2018, Director Keith Hall testified before the Senate Budget Committee about transparency at CBO.
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The Congress uses CBO’s cost estimates to help it implement rules and procedures related to budget enforcement. Those rules and CBO’s estimates recognize the differences among the three primary components of the federal budget.
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Transparency is a top priority for CBO. This report describes the agency’s recent efforts to ensure that its work is credible, is well understood, and helps people gauge how estimates might change if policies or circumstances differed.
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The House Appropriations Committee convened a hearing at which Director Keith Hall testified about CBO’s appropriation request for fiscal year 2019. This document provides CBO’s answers to questions submitted for the record.
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The House Budget Committee convened a hearing at which Director Keith Hall testified about how CBO does its analyses. This document provides CBO’s answers to questions submitted for the record by Chairman Womack.
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The House Budget Committee convened a hearing at which Deputy Director Mark Hadley testified about CBO’s baseline projections and cost estimates. This document provides CBO’s answers to questions submitted for the record by Chairman Womack.