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- Report
In its analysis of the President’s proposals excluding any macroeconomic effects, CBO concluded that the federal budget deficit would equal $1.3 trillion in fiscal year 2012 and would decline to about $1.0 trillion in 2013.
- Blog Post
Today CBO released the second part of its analysis of the President’s 2013 budget—the proposals’ potential effects on the economy and, in turn, the impact of those economic effects on the budget. Last month, CBO released the first part of its analysis—the proposals’ budgetary impact without considering their effects on the economy.
- Blog Post
Each year, after the President releases his annual budget request in February, CBO analyzes the budget proposals and, using its own estimating procedures and economic assumptions, projects what the federal budget would look like over the next 10 years if those proposals were adopted. CBO usually provides those results in two parts.
- Report
The analysis is based on CBO's economic projections and estimating techniques (rather than the Administration's) and incorporates estimates by the staff of the Joint Committee on Taxation for the President's tax proposals.