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CBO's Economic Forecasting Record: 2013 Updatereport
For more than three decades, CBO has prepared economic forecasts that underlie the agency’s projections for the federal budget and cost estimates for proposed federal legislation. In particular, forecasts of output, income, inflation, and interest rates play a significant role in the agency’s budgetary analysis; for example, projections of wages and salaries are used to forecast individual income tax receipts.      H.R. 152, Disaster Relief Appropriations Act, 2013H.R. 1, Disaster Relief Appropriations Act, 2013 |
