Budget
- Presentation
How CBO Acquires Data, Evaluates Its Estimates, and Makes Its Work Transparent
Presentation by Mark Hadley, CBO's Chief Operating Officer and General Counsel, for an annual seminar of the European Centre for Parliamentary Research and Documentation.
- Report
CBO Explains How It Estimates Savings From Rescissions
Rescissions are provisions of law that cancel budget authority previously provided to federal agencies before it would otherwise expire. This document provides answers to key questions about how CBO estimates savings from rescissions.
- Blog Post
CBO Releases Three More Budget Primers
CBO is engaged in many efforts to foster transparency, such as providing information to help people understand the federal budget process and the agency’s role in it. This week, CBO released three more primers as part of those efforts.
- Report
CBO Explains Its Principles for Identifying Mandates in Legislation
As defined by the Unfunded Mandates Reform Act of 1995, mandates generally require a nonfederal entity to take an action or comply with a prohibition. This primer describes the principles that CBO follows to identify mandates in legislation.
- Report
CBO Explains the Statutory Foundations of Its Budget Baseline
CBO is required to regularly prepare a baseline consisting of projections of federal revenues, spending, deficits or surpluses, and debt under current law. This document describes the laws that govern how CBO prepares those projections.
- Report
An Analysis of the Discretionary Spending Proposals in the President’s 2024 Budget
CBO examines how the discretionary spending proposals in the President’s 2024 budget compare with CBO’s most recent baseline budget projections, which span 2023 to 2033.
- Report
Budgetary Outcomes Under Alternative Assumptions About Spending and Revenues
CBO provides information about how its most recent budget projections would change under different assumptions about future legislated policies.
- Presentation
Federal Health Spending Update
Presentation on federal health care spending by Carrie Colla, Director of CBO's Health Analysis Division, at a Trustee Briefing of the Committee for Economic Development of The Conference Board.
- Report
An Update to the Budget Outlook: 2023 to 2033
CBO’s updated projections show a federal budget deficit of $1.5 trillion for 2023. That estimate is subject to considerable uncertainty, though, in part because of a recent shortfall in tax revenues.
- Report
Federal Debt and the Statutory Limit, May 2023
CBO projects that if the debt limit remains unchanged, there is a significant risk that at some point in the first two weeks of June, the government will no longer be able to pay all of its obligations.