Performance Budgeting and Management White Papers
Federal Budget Estimating
Overview The Congressional Budget and Impoundment Control Act of 1974 set up a process that allows the Congress to take the primary role in formulating the budget - a role that in previous years had been performed by the Administration. That law assigns to CBO the tasks of making baseline projections of revenues and outlays and estimating the budgetary effects of the spending proposals reported by committees. It gives to the Joint Committee on Taxation (JCT) the job of preparing estimates for most revenue legislation. The two organizations coordinate their efforts on estimates for complex pieces of legislation that affect both revenues and outlays.
| Publisher | Congressional Budget Office | File Format | |
|---|---|---|---|
| Date Published | May 2002 | ||
| Format | White Papers | ||
| Topics | |||
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