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1 1 (July 25, 2019)

handle is hein.congrec/prevgvt0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate July 25, 2019 By Fiscal Year, TRILLIONS of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) Revenues Deficit Effect 0 0 0 5.8 12.6 0 5.8 0 12.6 In the event that annual appropriation acts are not enacted by October 1 of each fiscal year, S. 1877 would provide mandatory appropriations to continue federal government operations at the same rate as in the previous fiscal year. For this estimate, CBO assumes that under S. 1877 each agency would automatically receive an appropriation of the same amount as in the previous fiscal year. In addition, official travel by certain individuals in the executive and legislative branch would be prohibited while automatic appropriations are in effect, except for travel to return to Washington, DC; the bill also would direct that salaries of Members of Congress not be paid (placed in escrow) until all annual appropriation acts are enacted. S. 1877 would appropriate funds, and thus would increase direct spending. For fiscal year 2019, the Congress appropriated about $1.4 trillion for federal agency operations and activities; the Congress has also appropriated about $0.1 trillion for fiscal year 2020 for those purposes. Thus, to maintain the same spending level as in 2019, S. 1877 would provide appropriations totaling $1.3 trillion in 2020 and $1.4 trillion in each subsequent year, CBO estimates. Based on historical spending patterns, CBO estimates that new direct spending from those appropriations would total $0.7 trillion in 2020 and $12.2 trillion over the 2020- 2029 period. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www cbo.gov/publication/42904.

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