CBOs Role in the Congressional Budget Process Budget Formulation - PowerPoint PPT Presentation

Oct 11, 2023 •227 likes •413 views

Congressional Budget Office November 1, 2016 CBOs Role in the Congressional Budget Process Budget Formulation and Execution Line of Business Fall Forum Megan Carroll Budget Analysis Division CBOs Role 1 CONGRESSIONAL BUDGET OFFICE

Congressional Budget Office November 1, 2016 CBO’s Role in the Congressional Budget Process Budget Formulation and Execution Line of Business Fall Forum Megan Carroll Budget Analysis Division
CBO’s Role 1 CONGRESSIONAL BUDGET OFFICE
CBO’s estimates are tools that the Congress can use to implement rules and procedures related to budget enforcement. 2 CONGRESSIONAL BUDGET OFFICE
Those procedures and CBO’s estimates recognize the fundamental distinction between the three primary components of the federal budget: Discretionary spending —Authority • provided in annual appropriation acts Mandatory (or direct) spending — • Spending controlled by laws other than annual appropriation acts Revenues • 3 CONGRESSIONAL BUDGET OFFICE
How Cost Estimates Relate to Budget Enforcement Procedures 4 CONGRESSIONAL BUDGET OFFICE
Not all estimates are relevant to budget enforcement procedures. There are no budget enforcement procedures for bills that change authorizations of spending that is subject to future appropriation action. 5 CONGRESSIONAL BUDGET OFFICE
Changes in mandatory spending or revenues are subject to pay-as-you-go procedures. New budget authority in annual appropriation bills is subject to limits specified in law. 6 CONGRESSIONAL BUDGET OFFICE
Key Points About CBO’s Estimates and the Congressional Budget Process 7 CONGRESSIONAL BUDGET OFFICE
We estimate the budgetary effects of bills that provide spending authority or affect revenues relative to current law, using the perspective of the unified budget. 8 CONGRESSIONAL BUDGET OFFICE
We estimate the budgetary effects of bills that provide spending authority or affect revenues relative to current law, using the perspective of the unified budget. 9 CONGRESSIONAL BUDGET OFFICE
We estimate the budgetary effects of bills that provide spending authority or affect revenues relative to current law , using the perspective of the unified budget. 10 CONGRESSIONAL BUDGET OFFICE
We estimate the budgetary effects of bills that provide spending authority or affect revenues relative to current law, using the perspective of the unified budget . 11 CONGRESSIONAL BUDGET OFFICE
How Agencies Can Assist CBO 12 CONGRESSIONAL BUDGET OFFICE
CBO consults: Hill staff • Stakeholders • Agency staff (Budget, Legislative Affairs, • program offices) Counterparts in the Office of Management • and Budget Outside experts • 13 CONGRESSIONAL BUDGET OFFICE
Open, transparent lines of communication are vital. 14 CONGRESSIONAL BUDGET OFFICE
The key to estimating costs of implementing proposed legislation is identifying changes in agency behavior: • Are new activities required or would the agency have discretion? • Would legislation result in the agency undertaking activities that it wouldn’t otherwise pursue or in a way different from what it would do under current law? 15 CONGRESSIONAL BUDGET OFFICE
Preliminary, unofficial feedback helps CBO gauge how much time the estimate will take. Formal responses are usually not necessary. 16 CONGRESSIONAL BUDGET OFFICE

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