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A CBO Report: The Standardized and Cyclically Adjusted Budgets [i] (March 2003)

handle is hein.congrec/cbo0739 and id is 1 raw text is: A CBO REPORT The Standardized and Cyclically Adjusted Budgets March 2003 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. CONTENTS Why Adjust MeasurCs of the Total Surplus or Deficit? The Cyclically Adjusted S or. Deficit The St andardizcd-Budget_ St!pJurls_.or_ .Deficit The Effects of Rccent Tax and Spending Legislation Appendix: Details of CBO's Projections of the Standardized Budgct Tables I. Adjusted Measures of the Surplus or Deficit, 1999-2004 A- I. The Standardized-Budget Surplus or Deficit, 1999-2004 A-2. Details of the Standardized-Budget Surplus or Deficit, 1999-2004 (In billions of dollars) A-3. Details of the Standardized-Budget Surplus or Deficit, 1999-2004 (As a percentage

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