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- Report
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.
- Report
CBO analyzes its baseline projections of deficits and debt held by the public that were made each year beginning in 1984. In this report, CBO reviews its projections for the first and fifth years after the fiscal year already under way.
- Report
Under the President’s proposals, deficits would total $9.9 trillion over the 2020–2029 period, $1.5 trillion less than the deficits in CBO’s current-law baseline. Federal debt held by the public would increase from 78 percent of GDP in 2019 to 87 percent in 2029.
- Cost Estimate
As ordered reported by the House Committee on Oversight and Reform on March 26, 2019
- Presentation
Presentation by F. Matthew Woodward, an analyst in CBO’s National Security Division, at a joint seminar by the Congressional Research Service, the Congressional Budget Office, and the Government Accountability Office.
- Report
In 2009, the Recovery Act boosted monthly benefits for SNAP. The resulting increase in spending on SNAP benefits from 2009 to 2013 was greater than CBO had estimated. This report discusses that underestimate and the reasons for it.
- Report
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.
- Report
CBO analyzes how the Defense Department’s (DoD’s) funding for military conflicts has changed over time and how the separate budgetary treatment of that funding affects perceptions of DoD’s spending and the anticipated costs of DoD’s plans.
- Working Paper
The federal government provides grants to state and local governments for their transportation infrastructure. State and local governments use some of those funds to replace funds that they would have provided for such investment.
- Report
CBO’s March 2016 projections of federal outlays for fiscal year 2017 were $65 billion—or 1.6 percent—more than the actual amount reported by OMB. By comparison, the mean absolute error for projections made for 1993 to 2016 is 2.3 percent.