Analysis of the President's Budget

Each year, CBO estimates the budgetary impact of the proposals in the President’s budget using the agency’s economic projections and estimating techniques, which also underlie CBO’s Budget and Economic Outlook and cost estimates for proposed legislation. As a result, the Congress has a consistent basis for comparing the budgetary impact of the President’s spending and revenue proposals to Congressional proposals and to the likely outcomes for spending and revenues under current law. CBO also typically estimates how the proposals in the President’s budget would affect the economy and how, in turn, that economic impact would affect the federal budget.

  • Report July 22, 2014

    The President’s policies would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. Such economic effects would feed back into the budget in ways that would reduce deficits.

  • Report April 17, 2014

    Enacting the President’s proposals would, CBO and JCT estimate, result in deficits totaling $6.6 trillion between 2015 and 2024, $1.0 trillion less than the cumulative deficit in CBO’s current-law baseline.