CBOLT is the main analytical tool that CBO uses to make long-term projections of the economy and federal budget. Those projections help shed light on fiscal challenges that extend beyond CBO’s standard 10-year projection window.
On February 27, 2018, CBO Director Keith Hall testified before the House Budget Committee, presenting seven important things to know about how CBO does its analysis.
- ReportTestimony on the Congressional Budget Office’s Baseline Projections and Cost Estimates: Process and Principles
On February 6, 2018, CBO staff testified before the House Budget Committee on the process and principles underlying the preparation of the agency’s baseline projections and cost estimates for legislation.
The Congressional Budget Act of 1974 requires CBO to prepare cost estimates for legislation at certain points in the legislative process. This report provides answers to frequently asked questions about how CBO prepares those estimates.
CBO is required to provide the Congress an annual report on spending, revenues, and deficits with subsequent revisions to that report. Here, CBO provides answers to questions about how it prepares its baseline projections for the budget.
- Blog Post
Because people who do not work with CBO regularly are sometimes unfamiliar with its role and operations, Director Hall highlighted some key points about the agency during his testimony before the House Budget Committee.
Since 1975, CBO has produced nonpartisan analyses of budgetary and economic issues in support of the Congress. In 2017, CBO completed 740 formal cost estimates, 86 analytic reports and working papers, and many other products.
CBO Director Keith Hall testified on CBO’s appropriation request for fiscal year 2018 before the Subcommittee on the Legislative Branch, Committee on Appropriations, United States Senate.
- ReportHow CBO Determines Whether to Classify an Activity as Governmental When Estimating Its Budgetary Effects
When the Congress considers legislation that would authorize a nonfederal entity to carry out certain duties, CBO must decide whether to treat the associated cash flows as federal transactions when estimating the bill’s budgetary effects.
Director Keith Hall provided a written statement regarding CBO’s appropriation request for fiscal year 2018 to the Subcommittee on the Legislative Branch, Committee on Appropriations, U.S. House of Representatives.
- ReportTestimony on CBO’s Estimates of the Budgetary Effects of the Center for Medicare & Medicaid Innovation
On September 7, 2016, CBO Deputy Director Mark Hadley testified on CBO’s estimates of the budgetary effects of the Center for Medicare & Medicaid Innovation before the Committee on the Budget, U.S. House of Representatives.