The Budget and Economic Outlook 2018 to 2028
Autor Congressional Budget Office (U.S.)en Limba Engleză Paperback – 24 apr 2018 – vârsta de la 15 ani
The
Congressional
Budget
Office
(CBO)
regularly
evaluates
the
quality
of
its
economic
forecasts
by
comparing
them
with
the
economy’s
actual
performance
and
with
forecasts
by
the
Administration
and
theBlue
Chip consensus
(an
average
of
about
50
private-sector
forecasts).
CBO’s forecasts generally have been comparable in quality with those of the Administration and the Blue Chip consensus. When CBO’s projections have proved inaccurate by large margins, the errors have tended to reflect difficulties shared by other forecasters.
This report evaluates CBO’s macroeconomic forecast over two-year and five-year horizons. The periods used for the evaluations differ by variable and by forecast horizon, depending on the availability of the needed data. Additionally, sprinkled throughout this report are graphic representations of the data for comparisons versus Actual Growth and forecasted values by the CBO.
CBO’s forecasts generally have been comparable in quality with those of the Administration and the Blue Chip consensus. When CBO’s projections have proved inaccurate by large margins, the errors have tended to reflect difficulties shared by other forecasters.
This report evaluates CBO’s macroeconomic forecast over two-year and five-year horizons. The periods used for the evaluations differ by variable and by forecast horizon, depending on the availability of the needed data. Additionally, sprinkled throughout this report are graphic representations of the data for comparisons versus Actual Growth and forecasted values by the CBO.
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Specificații
ISBN-13: 9780160945144
ISBN-10: 0160945143
Pagini: 168
Ilustrații: graphs
Dimensiuni: 216 x 279 x 6 mm
Greutate: 0.52 kg
Editura: United States Congress
Colecția Congressional Budget Office
ISBN-10: 0160945143
Pagini: 168
Ilustrații: graphs
Dimensiuni: 216 x 279 x 6 mm
Greutate: 0.52 kg
Editura: United States Congress
Colecția Congressional Budget Office
Cuprins
ContentsSummary
Economic Growth Is Projected to Be Relatively Strong This Year and Next and Then to Moderate
GDP Is Projected to BE Greater Than CBO Previously Estimated
Deficits Are Projected to Be Large by Historical Standards
Deficits Are Projected to Be Larger than CBO Previously Estimated
Debt Held by the Public Is Projected to Approach 100 Percent of GDP
Deficits and Debts Would be Larger If Some Current Policies Were Continued
1 The Economic Outlook
Overview
Recent Economic Developments
The Economic Effects of Recent Changes in Fiscal Policy
Potential Output
Actual Output
The Labor Market
Inflation
Monetary Policy and Interest Rates
Income
Uncertainty Surrounding the Economic Outlook
Comparisons With CBO's 2017 Projections
Comparisons With Other Economic Projections
2 The Spending Outlook
Overview
Mandatory Spending
Discretionary Spending
Net Interest
Uncertainty Surrounding the Spending Outlook
3 The Revenue Outlook
Overview
The Evolving Composition of Revenues
Individual Income Taxes
Payroll Taxes
Corporate Income Taxes
Smaller Sources of Revenues
Tax Expenditures
Uncertainty Surrounding the Revenue Outlook
4 The Outlook for Deficits and Debt
Overview
Deficits
Debt
Alternative Assumptions About Fiscal Policy
A Changes in CBO's Baseline Projections Since June 2017
Overview
Legislative Changes
Economic Changes
Technical Changes
B The Effects of the 2017 Tax Act on CBO's Economic and Budget Projections
Overview
The Major Provisions of the Act
How the Act Affects the Economic Outlook
How the Act Affects the Budget Outlook
Uncertainty Surrounding CBO's Estimates
C Trust Funds
Overview
Social Security Trust Funds
Trust Funds for Federal Employees' Retirement Programs
Medicare's Trust Funds
Highway Trust Fund
D CBO's Economic Projections for 2018 to 2028
E Historical Budget Data
List of Tables and Figures
Individual Income Taxes
Economic Growth Is Projected to Be Relatively Strong This Year and Next and Then to Moderate
GDP Is Projected to BE Greater Than CBO Previously Estimated
Deficits Are Projected to Be Large by Historical Standards
Deficits Are Projected to Be Larger than CBO Previously Estimated
Debt Held by the Public Is Projected to Approach 100 Percent of GDP
Deficits and Debts Would be Larger If Some Current Policies Were Continued
1 The Economic Outlook
Overview
Recent Economic Developments
The Economic Effects of Recent Changes in Fiscal Policy
Potential Output
Actual Output
The Labor Market
Inflation
Monetary Policy and Interest Rates
Income
Uncertainty Surrounding the Economic Outlook
Comparisons With CBO's 2017 Projections
Comparisons With Other Economic Projections
2 The Spending Outlook
Overview
Mandatory Spending
Discretionary Spending
Net Interest
Uncertainty Surrounding the Spending Outlook
3 The Revenue Outlook
Overview
The Evolving Composition of Revenues
Individual Income Taxes
Payroll Taxes
Corporate Income Taxes
Smaller Sources of Revenues
Tax Expenditures
Uncertainty Surrounding the Revenue Outlook
4 The Outlook for Deficits and Debt
Overview
Deficits
Debt
Alternative Assumptions About Fiscal Policy
A Changes in CBO's Baseline Projections Since June 2017
Overview
Legislative Changes
Economic Changes
Technical Changes
B The Effects of the 2017 Tax Act on CBO's Economic and Budget Projections
Overview
The Major Provisions of the Act
How the Act Affects the Economic Outlook
How the Act Affects the Budget Outlook
Uncertainty Surrounding CBO's Estimates
C Trust Funds
Overview
Social Security Trust Funds
Trust Funds for Federal Employees' Retirement Programs
Medicare's Trust Funds
Highway Trust Fund
D CBO's Economic Projections for 2018 to 2028
E Historical Budget Data
List of Tables and Figures
Individual Income Taxes
Notă biografică
The U.S. Government Publishing Office (GPO) is the Federal Government's official, digital, secure resource for producing, procuring, cataloging, indexing, authenticating, disseminating, and preserving the official information products of the U.S. Government. The GPO is responsible for the production and distribution of information products and services for all three branches of the Federal Government, including U.S. passports for the Department of State as well as the official publications of Congress, the White House, and other Federal agencies
Descriere
Ten
year
economic
forecast
of
the Federal
budget by
the
CBO
for
long
term
governmental
planning
and
a
valuable
tool
for
decision-making
by
associated
private
sector
industries.
An
important
resource
for
media
news
organizations
to
inform
the
general
public
of
the
potential
impact the
economic
climate
has
in
personal
life
choices
and
decisions
by
Congress
in
shaping
legislation
effecting
social
and
other
key
Federal
public
management
responsibilities.
The CBO updates the Outlook on a yearly basis to ensure the latest economic changes are factored into the forecast.
Other related products:
Economic Indicatorsprint annual subscription with monthly issue releases can be found here: https://bookstore.gpo.gov/products/sku/752-004-00000-5?ctid=
Economic Report of the President Together With the Annual Report of the Council of Economic Advisers February 2018is available here:https://bookstore.gpo.gov/products/economic-report-president-together-annual-report-council-economic-advisers-february-2018
A Financial System that Creates Economic Opportunities: Capital Marketsis available here:https://bookstore.gpo.gov/products/financial-system-creates-economic-opportunities-capital-markets
Tax Cuts and Jobs Act, Conference Report to Accompany H.R. 1can be found here:https://bookstore.gpo.gov/products/tax-cuts-and-jobs-act-conference-report
The CBO updates the Outlook on a yearly basis to ensure the latest economic changes are factored into the forecast.
Other related products:
Economic Indicatorsprint annual subscription with monthly issue releases can be found here: https://bookstore.gpo.gov/products/sku/752-004-00000-5?ctid=
Economic Report of the President Together With the Annual Report of the Council of Economic Advisers February 2018is available here:https://bookstore.gpo.gov/products/economic-report-president-together-annual-report-council-economic-advisers-february-2018
A Financial System that Creates Economic Opportunities: Capital Marketsis available here:https://bookstore.gpo.gov/products/financial-system-creates-economic-opportunities-capital-markets
Tax Cuts and Jobs Act, Conference Report to Accompany H.R. 1can be found here:https://bookstore.gpo.gov/products/tax-cuts-and-jobs-act-conference-report