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Updated Budget Projections: Fiscal Years 2012 to 2022. In conjunction with its analysis of the President’s budget, which will be issued in a few days, CBO has updated the baseline budget projections that it released in January.
CBO has not revised its assessment of the economic outlook since January; however, the new baseline projections incorporate the budgetary effects of recently enacted legislation and updated technical assumptions based on new information (such as data about spending and revenues so far this year and program details released in conjunction with the President’s budget). This report summarizes CBO’s updated baseline budget projections and describes how they differ from the projections that the agency published two months earlier.
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