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Letter to the Honorable John M. Spratt Jr. [i] (December 1999)

handle is hein.congrec/cbo8476 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Dan L. Crippen U.S. CONGRESS Director WASHINGTON, DC 20515 December 2, 1999 Honorable John M. Spratt Jr. Ranking Democratic Member Committee on the Budget U.S. House of Representatives Washington, DC 20515 Dear Congressman: As requested in your letter of November 16, the Congressional Budget Office has updated its estimates of the budgetary outlook for fiscal year 2000 to reflect legislative action through the end of the first session of the 106th Congress. The enclosed memorandum entitled The Budget for Fiscal Year 2000: An End-of-Session Summary describes the result of that analysis, and Table 3 of that memorandum shows CBO's current estimate of the on-budget outcome for 2000. CBO has also estimated the on-budget surplus or deficit for fiscal year 2001 as requested in your letter of November 10-assuming that discretionary outlays in fiscal year 2001 are the same as CBO's estimate for discretionary outlays in 2000, based on enacted appropriation bills for fiscal year 2000. Table 1 provides CBO's estimate of how that assumption would affect the on-budget surplus for fiscal year 2001, taking into account legislation passed to date by the 106th Congress and assuming that all other estimating assumptions underlying CBO's July 1 baseline projections remain in place. You also requested that CBO estimate the impact of obligation delays and other, similar provisions in appropriation bills that shift outlays from fiscal year 2000 into fiscal year 2001. Table 2 responds to that request.

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