Тузувчи : Файзуллаева Н

An Overview of CBO’s Baseline Projections

CBO’s biannual baseline projections play a dual policy role. They inform policymakers about the implications of current fiscal policies for Federal budgetary aggregates, and they provide a common baseline for scoring the budgetary effects of proposed changes in taxes and spending. As a result, CBO’s economic and budgetary projections are unique when compared with other--particularly commercial--forecasts. Specifically, they embody current law, and they explicitly assess the impact of current-law policies (fiscal and nonfiscal) on key indicators of economic activity.