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18 kwi 2023 · The Accuracy of CBO’s Budget Projections for Fiscal Year 2023. December 15, 2023. In its May 2022 projections for fiscal year 2023, CBO overestimated revenues by 11 percent and underestimated outlays by 9 percent. CBO’s projection of the federal deficit for 2023 was less than the actual amount by 3.9 percent of GDP. Report.
At the request of the House and Senate Committees on the Budget, the Congressional Budget Office periodically reports on the accuracy of its baseline spending and revenue projections by comparing them with actual outcomes.
31 sty 2024 · For details, see Congressional Budget Office, The Accuracy of CBO’s Budget Projections for Fiscal Year 2023 (December 2023), Box 1, www.cbo.gov/publication/59682.
5 lut 2024 · The baseline provides a benchmark for the Budget Committees to consider the effects of policies to reduce the national debt and deficits, improve the tax code, or promote pro-growth policies.
15 lut 2024 · Yesterday’s hearing was one of many steps that the House Budget Committee has taken toward improving transparency and accuracy of the Congressional Budget Office (CBO). CBO’s baseline for fiscal years (FY) 2024-2043, CBO reported that the trajectory of our national debt remains unsustainable.
9 sty 2023 · The Accuracy of CBO’s Budget Projections for Fiscal Year 2022. Congressional Budget Office. No 58603, Reports from Congressional Budget Office. Abstract: In its July 2021 projections for fiscal year 2022, CBO underestimated revenues by 10 percent and outlays by 5 percent.
In its July 2021 projections for fiscal year 2022, CBO underestimated revenues by 10 percent and outlays by 5 percent. As a result, CBO’s projection of the federal budget deficit for 2022 was more than the actual amount by 0.8 percent of gross domestic product.
