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The Standardized Budget and Other Adjusted Budget Measures [xxi] (April 2002)

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The Standardized Budget and Other Adjusted Budget

                                        Measures


                                           April 2002


                                          Contents

Why Adjust Measures of the Total Surplus or Deficit?

The Cyclically Adjusted Surplus or Deficit

The Standardized-Budget Surplus or Deficit

The Effects of RlecentTax and SpendingLegislation

Measuring Budgetary Trends and Fiscal Stimulus

Automatic Stabilizers

Appendix: Details of CBO's Projections of the Standardized Budget

Tables


A-1.

A-2.
A-3.
A-4.
A-5.
A-6.


Adjusted Measures of the Surplus or Deficit, 1998-2003
The Standardized-Budget Surplus or Deficit, 1998-2003
Details of the Standardized-Budget Surplus or Deficit, 1998-2003 (In billions of dollars)
Details of the Standardized-Budget Surplus or Deficit, 1998-2003 (As a percentage of potential GDP)
Other Adjustments to the Standardized-Budget Surplus or Deficit, 1998-2003
Standardized-Budget Surplus or Deficit and Related Series, 1960-2001 (In billions of dollars)
Standardized-Budget Surplus or Deficit and Related Series, 1960-2001 (As a percentage of potential GDP)


                       Notes

Numbers in the text and tables of this report may not add up to totals
because of rounding.

All of the years referred to in relation to the budget and the business
cycle are federal fiscal years.

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