CBO’s role and most recent long-term budget projections: presentation at a meeting of the National Conference of State Legislatures' budget working group
The Congressional Budget Office (CBO) provides analysis of budgetary and economic issues that is objective and impartial. It is strictly nonpartisan and does not make policy recommendations. Each year, CBO provides the Congress with its projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. Those projections show the estimated effects of demographic trends, economic developments, and health care costs on federal spending, revenues, deficits, and debt. This presentation discusses CBO’s most recent long-term budget projections up to 2053.
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