The Us Budget & Economic Outlook 2006-2015

The Us Budget & Economic Outlook 2006-2015

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The Congressional Budget Office (CBO) projects that if current laws and policies remained the same, the federal government would run budget deficits of $368 billion in 2005 and $295 billion in 2006. However.those estimates omit a significant amount of spending that will occur this year-and conceivably for some time in the future-for U.S. military efforts in Iraq and Afghanistan and for other efforts in the war on terrorism.- Summary, The Budget and Economic Outlook: Fiscal Years 2006 to 2015The Budget and Economic Outlook presents topics related to leading economic issues including: .A review of 2004's budget outlook and the concept behind CBO's baseline projections.The importance of productivity growth for economic and budget projections as well as an overview of CBO's two-year forecast.Revenues by source and revenue projections in detail.An outlook of mandatory and discretionary spending, including net interest .Budget resolution targets vs. actual budget outcomesTHE U.S. BUDGET a ECONOMIC OUTLOOK: 2006-2015 is one of a series of reports on the state of the U.S. budget and economy that the Congressional Budget Office (CBO) issued each year. It is the requirement of Section 202(e) of the Congressional Budget Act of 1974 for the CBO to submit to the Committees on the Budget periodic reports about fiscal policy and to provide baseline projections of the federal budget. In accordance with the CBO's mandate to provide impartial analysis, the report makes no recommendations. For additional information about the Congressional Budget Office, please visit category includes unemployment compensation, earned income and child tax credits, military and civilian retirement, ... all arc affected by such, calendar shifts, those programs may send out 11, 12, or 13 monthly checks in a fiscal year. ... Sources of Growth in Mandatory Spending (Billions of dollars) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 ... 1, 439 Sources of Growth Medicare and Medicaid Establishment of Medicare Part Da Other increases in spending peranbsp;...

Title:The Us Budget & Economic Outlook 2006-2015
Author:U. S. Congressional Budget Office
Publisher:Cosimo, Inc. - 2005-06-01


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