Veterans' Issues
- Report
Income of Black Working-Age Veterans
CBO describes economic outcomes of veterans who are Black, male, and working age and whose service began during or after 1990. CBO compares the outcomes of that group with outcomes of Black nonveterans and White veterans from 2017 to 2019.
- Report
The Budget and Economic Outlook: 2024 to 2034
In CBO’s projections, federal budget deficits total $20 trillion over the 2025–2034 period and federal debt held by the public reaches 116 percent of GDP. Economic growth slows to 1.5 percent in 2024 and then continues at a moderate pace.
- Cost Estimate
H.R. 3738, Veterans Economic Opportunity and Transition Administration Act
As ordered reported by the House Committee on Veterans’ Affairs on December 5, 2023
- Report
Income of Working-Age Veterans Receiving Disability Compensation
CBO compared the earnings, personal income, and household income of working-age male veterans who received disability payments from the Department of Veterans Affairs with those of veterans who did not receive such payments.
- Graphic
Atlas of Military Compensation
In the President’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits. That amount represents an increase of 134 percent since 1999 after removing the effects of inflation.
- Report
Testimony on Approaches to Reducing the Department of Defense’s Compensation Costs
David E. Mosher, CBO's Director of National Security Analysis, testifies before the Senate Armed Services Committee's Subcommittee on Personnel.
- Cost Estimate
H.R. 1089, VA Medical Center Facility Transparency Act
As ordered reported by the House Committee on Veterans’ Affairs on
April 28, 2023 - Presentation
Trends in DoD’s and VA’s Budgets for Military Compensation
Presentation by David Mosher, CBO’s Director of National Security Analysis, at the Military Manpower Roundtable.
- Cost Estimate
S. 30, Fiscal Year 2023 Veterans Affairs Major Medical Facility Authorization Act
As ordered reported by the Senate Committee on Veterans’ Affairs on February 16, 2023
- Report
The Budget and Economic Outlook: 2023 to 2033
In CBO’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. Real GDP growth comes to a halt in 2023 and then rebounds, averaging 2.4 percent from 2024 to 2027.