| Federal finances Economy 2026: Federal budget surplus/deficit

Slides:

Advertisements

Similar presentations

CONGRESSIONAL BUDGET OFFICE Total Revenues and Outlays Percentage of GDP Revenues: Funds collected from the public that come from a variety of sources,

Advertisements

J.P.Morgan Chase S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L Crisis Response: Crisis Response: Different Aspects Different Aspects Dr.

Chapter 16: Deficits, Surpluses, and Debt: Past, Present, and Future By: Varanessa Dixon.

The Federal Government’s Budget. The government ’ s fiscal year runs from April 1 to March 31. The upcoming budget will estimate revenues and expenditures.

Deficits and Debt. The Budget Process Taxes, especially personal income taxes, provide most of the federal government’s revenue.  The federal budget.

The Federal Budget Spending Discretionary Non-Discretionary Revenue.

1 America’s National Debt. 2 Important Concepts What’s the difference between deficits and debt? Deficits: The annual imbalance between revenues and spending.

Fiscal Wake-up Tour St. Louis, MO — April 28, 2008 David M. Walker President and CEO The Peter G. Peterson Foundation and Former Comptroller General of.

Health Care Forecasting Conference James Baumgardner Deputy Assistant Director Congressional Budget Office February 25, 2010.

US Fiscal Policy Challenges to a Sustainable Fiscal Future March 2010.

1 The Circular Flow With Government Here we expand on the simple circular flow model to include the government.

The Government Budget: Prospects and Implications Andrew B. Abel March 13, 2000.

FMI Ontario Chapter PD Day Business Planning and Program Evaluation October 21, 2009.

Medicare spending is 14% of the federal budget Total Federal Spending in 2013: $3.5 Trillion MEDICARE Medicaid Net interest Social Security Defense Nondefense.

Fiscal Policy, Deficits, and Debt

The Importance of Economic Census Data for Federal Policy Katharine G. Abraham Member, Council of Economic Advisers Hi-Beams for the Economic Road Ahead.

TRENDS IN U.S. POLITICS FOR THE NEXT FOUR YEARS A DAY OF RECKONING FOR THE U.S. ECONOMY? Dr. Sidney Weintraub Madrid, SPAIN February 28, 2005 Center for.

Fiscal Policy, Deficits, and Debt

GLOBAL ECONOMIC DYNAMICS AND FORECASTS by Richard W. Rahn FREE MARKET ROAD SHOW Stockholm Copenhagen Amsterdam Warsaw 2015.

Monday January 30 th Personal Finance 1. Journal: 5 reasons you need to budget Journal Which reason is most important to you and why? How can you start.

2Q | 2011 Guide to the Markets As of March 31, 2011.

Economic Outlook March 2012 Economic Policy Division.

Fiscal Policy, Deficits, and Debt 13 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

E L P ASO C OUNTY C OLORADO E L P ASO C OUNTY C OLORADO Sequestration Impacts Nicola Sapp County Budget Officer November 13, 2012.

The Long-Term Budget Outlook in the United States and the Role of Health Care Entitlements Presented by Donald Marron Georgetown Public Policy Institute.

Presented by Robert L. Bixby, Executive Director The Concord Coalition Daunting Budget Outlook United States Naval Academy March.

Fiscal Policy, Deficits, and Debt 30 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Fixed Income Investing in a Rising Rate Environment Paul O’Brien.

The use of government spending and taxing to achieve economic growth, full employment and stable prices. FISCAL POLICY Chapter 15.

THE CONCORD COALITION presented by Robert L. Bixby, Executive Director THE CONCORD COALITION Fiscal Future:

1 The Federal Budget Past – Present – Uncertain Future Stanford Institute for Economic Policy Research G. William Hoagland March 9, 2012.

Bruce C. Vladeck, Ph.D. Physicians for a National Health Program Boston, MA November 2, 2013.

Deficit vs. Debt Deficit: how much more Government spends than it receives in tax revenue over 1- year Debt: total amount Government owes (has borrowed.

Percent of total Medicare population: NOTE: ADL is activity of daily living. SOURCES: Income and savings data from Urban Institute/Kaiser Family Foundation.

Fiscal policy 1. Meaning  Fisc means State Treasury  Fiscal policy may be defined as that part of governmental economic policy which deals with taxation,

Group 2 Chih-Mei Shen & Nancy Briana Lόpez Hodgson.

Saving Our Future Tough Choices in Health Care & for the Budget Iowa Committee for Value in Healthcare Des Moines April 2, 2009 Eugene Steuerle Vice-President.

THE CONCORD COALITION presented by Robert L. Bixby, Executive Director THE CONCORD COALITION Fiscal Solutions.

Making Public Policy. Economic Policy and the Budget Key Concepts-  Politicians & economists have conflicting views on how to regulate the economy 

Presented by The Fiscal Wake-Up Tour The Concord Coalition Robert L. Bixby, Executive Director

Fiscal Policy, Deficits, and Debt 30 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Fiscal Policy and the Multiplier. Unemployment Economic Growth.

Federal Budget Federal Budget: Federal Budget: Issued yearly by the Office of Management and BudgetIssued yearly by the Office of Management and Budget.

THE CONCORD COALITION presented by Robert L. Bixby, Executive Director THE CONCORD COALITION Pitfalls.

Economic Outlook December 2014 Economic Policy Division.

Economic Crisis Federal Budgets and Public Policy March 28, 2009.

Chapter 30 From the New Frontier to the New Millennium.

Center on Budget and Policy Priorities cbpp.org Deficits Have Fallen Sharply Since Recession.

House Budget Social Security Outlays Fall in Line with CBO Projections Sources: The Path to Prosperity: FY2015 Budget Resolution, 2014; Congressional Budget.

Financing the Government. Taxes and Revenue Progressive tax – the higher the income, the higher the rate Payroll taxes – taxes matched by employers Regressive.

What's at Stake? The US Government’s Financial Statements and the Country's Fiscal Health Gregory J. Anton, CPA, CGMA Anton Collins Mitchell LLP, Chairman.

FEDERAL BUDGET. TODAY’S OBJECTIVE After today students will be able to… Explain what motivations and interests determine the federal budget\ Essential.

Economic Policy Division

Economic Outlook September 2016

Week 7 Vocabulary Review

Global Economic Watch Federal Budgets and Public Policy

Economic Outlook December 2015

CHAPTER 1 INTRODUCTION.

Deficits and the National Debt

What’s on the ppt? Chapters 16 – NC 18

Fiscal and Economic Issues

Chapter 16 Deficits and Debt.

California’s Fiscal Outlook

CBO estimate of Affordable Care Act of 2010

(Trillions of Chained 2005 Dollars)

Major Sources of Savings and Revenues Compared with Projected Spending, Net Cumulative Effect on Federal Deficit, 2010–2019 Dollars in billions CBO estimate.

CBO estimate of Affordable Care Act of 2010

Monetary Policy, Fiscal Policy, and the Government Budget

ECONOMICS Chapter 16.3: The Federal Budget and the National Debt Learning Target: Understand how the federal government prepares a budget and borrows;

Presentation transcript:

| Federal finances Economy 2026: Federal budget surplus/deficit % of GDP, 1990-2026, 2016 CBO Baseline 4% 2015: Forecast 2% -2.5% 0% -2% -4% -6% -8% -10% -12% '90 '95 '00 '05 '10 '15 '20 '25 2016 Federal Budget - Spending Net interest 6% Economy Federal net debt (accumulated deficits) % of GDP, 1940-2026, 2016 CBO Baseline, end of fiscal year 120% Forecast 2026: 100% 2015: 85.6% 73.6% 80% 60% 40% 20% '40 '48 '56 '64 '72 '80 '88 '96 '04 '12 '20 CBO interest rate projections 7% Forecast 10-year U.S. Treasury 3-month U.S. T-bill 4% 3% 2021-2026: 3.2% 2% 1% 0% '00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20 '22 '24 '26 2021-2026: 6% 5% 2021-2026: 4.1% Source: CBO, J.P. Morgan Asset Management; (Top left and bottom left) BEA; (Bottom right) Federal Reserve. 2016 Federal Budget is based on the Congressional Budget Office (CBO) March 2016 Baseline Budget Forecast. Other spending includes, but is not limited to, health insurance subsidies, income security and federal civilian and military retirement. Note: Years shown are fiscal years (Oct. 1 through Sep. 30). 2015 numbers are CBO estimates as of March 2016. Interest rate projections are actual historical data from the Federal Reserve through 4Q15 and a quarterly forecast from the CBO’s January 2016 baseline economic projections afterwards. Guide to the Markets – U.S. Data are as of March 31, 2016.