The Economic and Budget Outlook: An Update
U.S. Government Printing Office, 1997 - Budget - 89 pages
Chapter one covers the state of the economy, the economic outlook, and risks to the economic outlook. Chapter two covers the deficit outlook, revenue and spending projections, changes resulting from the reconciliation legislation, other changes in the budget outlook, and the federal sector of the national income and product accounts. Appendixes include: changes in calculating the Consumer Price Indexes, and a sequestration update report for fiscal year 1998. Charts and tables.
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The CBO Forecast for 1997 and 1998
Measures of Fiscal Policy Under Baseline Assumptions
Economic Projections for Calendar Years 1997 Through 2007
8 other sections not shown
adjustments Administration alternative minimum tax assets Balanced Budget Act Billions of dollars Blue Chip consensus Budget Enforcement Act Budget Outlook Bureau of Economic capital gains caps CBO January CBO September CBO's forecasts CBO's projections Congressional Budget Office consumer price index decline deficit discretionary spending Economic Analysis economic forecast effect enacted federal funds rate fiscal Forecast Error GDP price index gross domestic product growth rates increase IRAs mandatory spending Mean absolute error Mean error mean square error measure Medicaid Medicare NAIRU NIPA Nominal GDP offset outlays PAYGO payments percent in 1997 percentage points period product accounts programs provisions quarter of 1997 Rate Percent real GDP real output receipts reconciliation legislation reduce revenues revised Root mean square savings short-term interest rates SOURCES Surplus Table taxable income Taxpayer Relief Act temporary factors Three-Month Treasury Bill tion Total Trust Fund Two-Year Average unemployment rate