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- 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.
- Working Paper
This paper presents CBO’s model of business investment, compares it with other models of investment, shows how the model is estimated, and discusses how CBO uses the model to forecast investment.
- Presentation
Presentation by Jeffrey F. Werling, Assistant Director of CBO’s Macroeconomic Analysis Division, to the National Association of Forensic Economics, at the Southern Economic Association Annual Meetings, November 18, 2018.
- Presentation
Presentation by John McClelland, CBO’s Assistant Director for Tax Analysis, at the International Tax Policy Forum.
- Podcast
CBO’s podcast series looks at the agency’s inner workings and its role in the legislative budget process. This episode discusses the components of the budget, how CBO assists the two budget committees, and CBO’s current budget projections.
- Blog Post
In June, CBO released The 2018 Long-Term Budget Outlook, describing the agency’s projections of federal spending, revenues, deficits, and debt over the next 30 years. This post discusses the uncertainty surrounding those projections.
- Blog Post
In June, CBO released The 2018 Long-Term Budget Outlook, describing the agency’s projections of federal spending, revenues, deficits, and debt over the next 30 years. This post presents some of the key takeaways from that report.
- Presentation
These slides summarize CBO’s budget projections as presented in The 2018 Long-Term Budget Outlook.
- Report
What changes in federal budget deficits would be necessary to reduce debt held by the public over the long term? CBO analyzed the primary deficit reductions necessary to meet three different debt targets in four different time frames.
- Blog Post
Today, CBO released An Update to the Economic Outlook: 2018 to 2028. The report presents the agency’s latest economic forecast, which includes projections of real (inflation-adjusted) gross domestic product (GDP) and other factors.