About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (November 10, 2021)

handle is hein.crs/goveeuh0001 and id is 1 raw text is: Congressional ____ Research Service inforrmng the Iegislativ debate since 1 14____________________ FY2022 NDAA: Budgetary Context November 10, 2021 Congressional consideration of the National Defense Authorization Act for Fiscal Year 2022 (NDAA; H.R. 4350 and S. 2792) occurs as federal spending is projected to continue to exceed revenues. This trend raises questions about whether pressure to reduce the federal deficit may affect defense budget plans. In July 2021, the Congressional Budget Office (CBO) projected a federal deficit of $3.0 trillion for FY2021, or 13.4% of Gross Domestic Product (GDP). That percentage would be the second-highest since 1945. CBO attributed the size of the projected deficit in part to the economic disruption caused by the 2020-2021 coronavirus pandemic and the legislation enacted in response. CBO projects spending will continue to exceed revenues over the next decade (Figure 1). From FY2022 to FY2031, CBO projects discretionary defense outlays will increase 23% and nondefense discretionary outlays 6%, while mandatory outlays will increase 40% and net interest payments on the national debt 198%. Congressional Research Service https://crsreports.congress.gov IN11797 CRS INSIGHT Prepared for Members and Committees of Congress -

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Already a HeinOnline Subscriber?

Log In

profiles profiles most