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Economic Forecasts and the Budget (CRS Report for Congress)

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Release Date Revised Feb. 6, 2008
Report Number RL30239
Report Type Report
Authors Brian W. Cashell, Government and Finance Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   Feb. 1, 2005 (14 pages, $24.95) add
Summary:

Economic conditions can have substantial effects on the federal budget. Similarly, budget projections depend on economic forecasts. This report examines the accuracy of past economic forecasts underlying projections of the federal budget. Estimates of the sensitivity of budget projections to those economic forecasts are also presented.