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THE ECONOMIC OUTLOOK
THE BUDGET OUTLOOK
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1986 sequestration adjusted appropriations assets average Balanced Budget Act base level baseline assumes BASELINE BUDGET PROJECTIONS Baseline Deficit billion in 1987 billions of dollars budget functions budget resolution Bureau of Economic CBO baseline CBO's Commodity Credit Corporation Congressional Budget Office costs Debt Held decline defense budget authority defense programs deficit targets Economic Analysis economic assumptions effect Employment Employment Cost Index entitlement estimates factor income flows farm federal deficit Federal Reserve Board Figure fiscal year 1986 fixed investment forecast growth rate increase interest rates inventories Labor loan lower Medicare mmbd monetary policy national defense NIPA nondefense programs off-budget Offsetting Receipts oil prices on-budget OPEC outlook output percent change percent of GNP postsequestration production purchases quarter of 1985 real interest rates rebasing recent recession recovery reduce reflect revenues revised Saudi Arabia saving rate sector Social Security SOURCE TABLE taxes tion Total trust funds U.S. Department unemployment rate