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CBO's Current Budget Projections [i] (September 2001)

handle is hein.congrec/cbo0691 and id is 1 raw text is: CBO's Current Budget Projections CBO's budget projections give the Congress a baseline against which to measure the effects of proposed changes in tax and spending laws. The projections start with the Congress's most recent budgetary decisions and show what would happen to the federal budget if no policy changes were made over the projection period. For revenues and entitlement programs, such as Social Security or Medicare, the baseline projections generally assume that current laws will continue without change. For discretionary spending, CBO (as directed by the Deficit Control Act) assumes that budget authority for discretionary programs will grow at the rate of inflation each year after 2001. For more information about CBO and its budget projections, please see About CBO. CBO's most recent set of budget projections (for fiscal years 2001 through 2011) was released on August 28, 2001, in its publication The Budget and Economic Outlook An Update. CBO's Baseline Budget Projections Changes in CBO's Baseline Projections of the SurplusSjince May 2Q01 CBO's Projections of Discretionary Spending Under Alternative Assumptions CBO's Baseline Projections of Mandatory Spdin • CBO's Baseline Projections of Trust Fund Surpluses CBO's Baseline Budget Projections (By fiscal year) Actual 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 In Billions of Dollars Revenues Individual income taxes Corporate income taxes Social insurance taxes Other Total On-budget Off-budget Outlays Discretionary spending 1,004 1,015 1,039 1,079 1,123 207 149 210 195 215 653 694 727 761 794 161 152 158 160 .175 2,025 2,011 2,134 2,196 2,307 1,545 481 1,503 507 1,602 532 1,638 1,723 558 584 1,175 1,223 247 253 838 880 178 187 2,438 2,543 1,822 1,897 616 647 1,286 1,360 1,440 1,528 265 278 292 307 923 967 1,016 1,066 189 196 204 203 2,663 2,801 2,952 3,103 1,985 679 2,089 712 2,204 748 2,319 785 1,717 12,970 321 2,584 1,119 185 9,092 1,83-3 3,341 26,479 2,518 823 19,795 6,684 615 647 689 717 737 759 774 789 812 833 853 878 7,842 Total, 2002- 2011

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