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S.A. 2714, Emergency Unemployment Compensation Extension Act of 2014 1 (February 7, 2014)

handle is hein.congrec/cbo1476 and id is 1 raw text is: Preliminary Estimate of the Budgetary Effects of the SA 2714-Emergency Unemployment Compensation Extension Act of 2014

(Millions of dollars, by fiscal year)                                                                                                                                     February 7, 2014
2014       2014       2014
2014       2015       2016      2017       2018       2019      2020       2021       2022       2023      2024       2018       2023       2024
ESTIMATES RELATIVE TO CBO'S MAY 2013 BASELINE
CHANGES IN DIRECT SPENDING (Outlays)

Unemployment Compensation
Pension Funding Provisions
Total Changes in Direct Spending
Unemployment Compensation
Pension Funding Provisions
Total Changes in Revenues
On-budget revenues
Off-budget revenues
Net Changes in Deficits
On-budget deficit change
Off-budget deficit change

6,555
0
6,555

0           0           0           0          0           0           0
-20         -85       -185        -225        -240        -215        -155
-20         -85        -185       -225        -240        -215        -155

0
-80
-80

CHANGES IN REVENUES

0         12         37          37         29         14         11          2          0          0
1,589      2,208      3,558      3,524       1,955       472       -707      -1,621     -2,209      -2,341
1,589      2,220      3,595      3,561       1,984       486       -696      -1,619     -2,209      -2,341
1,511      2,134      3,459      3,449      1,928        480       -663      -1,556     -2,129      -2,260
78         86        136        112          56          6        -33        -63        -80        -81
NET INCREASE OR DECREASE (-) IN THE DEFICT FROM CHANGES IN DIRECT SPENDING AND REVENUES

4,966     -2,240     -3,680     -3,746     -2,209       -726
5,044      2154     -3,544     -3,634      2,153       -720
-78        -86       -136       -112        -56         -6

481       1,464      2,129      2,346
448       1,401      2,049      2,265
33         63         80          81

n.a.     6,555      6,555
n.a.      -515     -1,200
n.a.     6,040      5,355
n.a.       115       141
n.a.    12,834      6,428
n.a.    12,949      6,569
n.a.    12,481     6,352
n.a.      468        217
n.a.    -6,909     -1,214
n.a.    -6,441      -997
n.a.      -468      -217

Unemployment Compensation
Pension Funding Provisions
Total Changes in Direct Spending
Unemployment Compensation
Pension Funding Provisions
Total Changes in Revenues
On-budget revenues
Off-budget revenues
Net Changes in Deficits
On-budget deficit change
Off-budget deficit change

5,900
0
5,900

0
-15
-15

ESTIMATES RELATIVE TO CBO'S FEBRUARY 2014 BASELINE
CHANGES IN DIRECT SPENDING (Outlays)
0          0           0          0           0          0
-70       -155       -190        -210       -190       -135
-70       -155       -190        -210       -190       -135

0
-75
-75

0      5,900      5,900     5,900
60       -430     -1,045      -985
60      5,470      4,855     4,915

CHANGES IN REVENUES
0         11         33          34         26         12         10          2          0          0           0        104        128        128
1,720      2,448      3,730      4,302       3,094       982       -937      -2,418     -3,330      -3,583     -3,124     15,293      6,007      2,883
1,720      2,459      3,763      4,336      3,120        994       -927      -2,416     -3,330      -3,583     -3,124     15,397      6,135      3,011
1,633      2343       3,589      4,153      3,004        971       -871      -Z300      -3,181     -3,429     -2996       14,721      5,911      Z915
88        116        174         183        116         23        -56       -116       -149       -154       -128         676        224         96
NET INCREASE OR DECREASE (-) IN THE DEFICT FROM CHANGES IN DIRECT SPENDING AND REVENUES

4,180      -2,474     -3,833      -4,491     -3,310     -1,204
4,268      -Z358      -3,659     -4,308      -3,194     -1,181
-88       -116       -174        -183       -116        -23

737       2,281      3,255      3,578      3,184      -9,927     -1,280      1,904
681       2165       3,106      3,424      3,056     -9,251      -1,056     2000
56        116        149         154        128       -676       -224        -96

Sources:   Congressional Budget Office and the staff of the Joint Committee on Taxation.
Notes:     Components may not sum to totals because of rounding; n.a. = not applicable
Changes in budget authority for the unemployment compensation provisions would be equal to the changes in outlays for those provisions; there would be no change in budget authority for the pension funding
provisions.
Using either May 2013 or Februray 2014 baseline assumptions, CBO estimates that the net budgetary effect for the 2024-2033 period would be an increase in deficits of more than $5 billion.

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