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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ONE THE ECONOMIC OUTLOOK
Measures of Fiscal Policy Under Baseline Assumptions
TWO THE BUDGET OUTLOOK
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accounts actual addition adjustments Administration amount assumes average Balanced Budget baseline benefits billion bills Blue Chip Bureau capital caps CBO's changes Congressional Budget Office consumer continue corporate costs debt decline deficit differ discretionary spending dollars early economic effect enacted error estimates expected factors federal funds rate Federal Reserve Federal Reserve Board Figure fiscal forecast funds future gains grow growth half higher included income increase indicate inflation interest interest rates IRAs January Labor legislation less limits long-term lower March mean measure nominal NOTES outlays outlook output payments percent percentage points period pressures price index profits programs projections provisions published quarter raise receipts recent reconciliation reduce reflect result revenues revised rise savings sequestration share short-term slightly SOURCES Statistics Surplus Table Taxpayer tion Treasury two-year values wages