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- Working Paper
How CBO Uses the ReEDS Model to Analyze Policies in the Electric Power Sector: Working Paper 2024-02
This working paper provides an overview of CBO-ReEDS, an adapted version of the National Renewable Energy Laboratory’s Regional Energy Deployment System (NREL’s ReEDS) model for analyzing policies in the electric power sector.
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Revenues received by the federal government in 2023 totaled $4.4 trillion, of which half was receipts from individual income taxes.
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The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.
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Mandatory outlays by the federal government totaled $3.8 trillion in 2023; more than half was for Social Security and Medicare. The largest increases over the past 20 years have been for the major health care programs.
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Discretionary outlays by the federal government totaled $1.7 trillion in 2023. Outlays for nondefense programs accounted for more than half of that total.
- Working Paper
This paper describes how CBO projects consumer price inflation.
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In the President’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits. That amount represents an increase of 134 percent since 1999 after removing the effects of inflation.
- Working Paper
This paper describes how CBO uses a Bayesian vector autoregression method to generate alternative economic projections to the agency’s baseline.
- Working Paper
On a present-value basis, CBO estimates that long-term fiscal effects of Medicaid spending on children could offset half or more of the program’s initial outlays, depending on sets of reasonable parameter values.
- Working Paper
This paper presents a simulation model of the markets for light-duty electric vehicles and the associated public charging infrastructure, as well as the network interactions between them.