|
|
CBO's Projections of Federal Receipts and Expenditures in the Framework of the National Income and Product Accounts
The fiscal transactions of the federal government are recorded in two major sets of accounts. One is The Budget of the United States Government, prepared by the Office of Management and Budget, which is the framework generally used by executive branch agencies and the Congress and as commonly discussed in the press. The other set of accounts is the national income and product accounts (NIPAs), produced by the Department of Commerce’s Bureau of Economic Analysis.      |
