CBO to Release Updated Baseline Projections, Analysis of the President’s FY 2014 Budget Next Week

CBO plans to release its updated 10-year baseline projections of federal spending, revenues, and budget deficits on Tuesday, May 14. The projections reflect new information obtained since The Budget and Economic Outlook: Fiscal Years 2013-2023 was issued in February and will be available on CBO’s website Tuesday afternoon. Also, each year, CBO works together with the staff of the Joint Committee on Taxation to estimate the budgetary impact of the changes to spending programs and the tax code that were proposed in the President’s budget. That analysis of the budgetary outlook under the President’s proposals will be available on CBO’s website Friday afternoon, May 17.