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This summary is based on the summary provided by the Congressional Budget Office, a public domain source. [17] CBO Estimate of Discretionary Appropriations for Fiscal year 2014, Including H.R. 3547, the Consolidated Appropriations Act, 2014, as posted on the websited of the House Committee on Rules on January 13, 2014
English: CBO Estimate of Discretionary Appropriations for Fiscal year 2014, Including H.R. 3547, the Consolidated Appropriations Act, 2014, as posted on the websited of the House Committee on Rules on January 13, 2014
The United States federal budget is divided into three categories: mandatory spending, discretionary spending, and interest on debt. Also known as entitlement spending, in US fiscal policy, mandatory spending is government spending on certain programs that are required by law. [1] Congress established mandatory programs under authorization laws.
Non-defense discretionary spending includes Cabinet Departments and Agencies. CBO projected in February 2013 that under the sequester and Budget Control Act caps: Non-defense discretionary spending outlays will be reduced from $615.0 billion in 2012 to approximately $586.3 billion in 2013, a reduction of $28.7 billion or 4.7%.
Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. [1] Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency ...
Texas Commission on the Arts; Texas Comptroller of Public Accounts; Texas Council for Developmental Disabilities; Texas Council on Competitive Government; Texas County and District Retirement System; Texas Court of Appeals; Texas Court of Criminal Appeals; Texas Credit Union Department; Texas Department of Agriculture; Texas Department of Banking
A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts. Spending increases and tax credits resulting from the American Recovery and Reinvestment Act of 2009 accounted for another $200 billion of the budget deficit.