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The Budget and Economic Outlook, Fiscal Years 2010 to 2020

Title:
The Budget and Economic Outlook, Fiscal Years 2010 to 2020
Format:
Paperback
USA Price: 
$13.50
$6.75
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Stock:
In stock
GPO Stock Number:
052-070-07580-5
ISBN:
9780160849961
Description

This volume is one of a series of reports on the state of the budget and the economy that the Congressional Budget Office (CBO) issues each year. It satisfies the requirement of section 202(e) of the Congressional Budget Act of 1974 for CBO to submit to the Committees on the Budget periodic reports about fiscal policy and to furnish baseline projections of the federal budget. In accordance with CBO’s mandate to provide impartial analysis, the report makes no recommendations.

The CBO updates the Outlook on a yearly basis to ensure the latest economic changes are factored into the forecast.

The Budget and Economic Outlook, Fiscal Years 2010 to 2020 projects that if current laws and policies remained unchanged, the federal budget would show a deficit of about $1.3 trillion for fiscal year 2010. At 9.2 percent of gross domestic product (GDP), that deficit would be slightly smaller than the shortfall of 9.9 percent of GDP ($1.4 trillion) posted in 2009. Last year’s deficit was the largest as a share of GDP since the end of World War II, and the deficit expected for 2010 would be the second largest. Moreover, if legislation is enacted in the next several months that either boosts spending or reduces revenues, the 2010 deficit could equal or exceed last year’s shortfall.

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Table of Contents

The Budget Outlook                                                                                                                                                                                                                                                                                                                                               A Review of 2009 3
CBO’s Baseline Projections for 2010 5
CBO’s Baseline Projections for 2011 to 2020 9
Changes in CBO’s Baseline Since August 2009 10
Uncertainty and Budget Projections 14
Federal Debt Held by the Public 18
The Long-Term Budget Outlook 20
2 The Economic Outlook 23
Factors Affecting Economic Growth Through 2014 27
Factors Affecting Labor Markets Through 2014 34
Factors Affecting Inflation Through 2014 36
The Outlook for 2015 to 2020 37
The Outlook for Income Through 2020 40
Comparison with CBO’s August 2009 Forecast 41
Comparison with Other Forecasts 44
3 The Spending Outlook 47
Mandatory Spending 51
Discretionary Spending 63
Net Interest 70
4 The Revenue Outlook 75
Sources of Revenues 76
Current Projections 77
Effects of Expiring Tax Provisions                                                                                             

and more...

Audience

Policymakers, members of government, governmental agencies, and businesses will all want information on the Federal Budget since this data can affect future policy decisions and business and market trends.  In addition, members of the general public who want to be informed about, and understand, the Federal Budget will enjoy this publication.

Product Details

Availability Details:
In Stock
USA Price:
$6.75
International Price:
$9.45
Publisher:
Congress, Congressional Budget Office
Year/Pages:
2010: 177 p.
Key Phrases:
  • Federal Budgets
  • Government Spending
  • Economic Conditions
Weight:
1.375
Quantity Price:
Discount
Cover:
Paper
Unit of Issue (US):
1
Unit of Issue (Non-US):
1
Item available Date:
02/02/2010
Last Status Update:
12/19/2016
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