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How Budget Surpluses Change Federal Debt

Description: This report discusses how budget surpluses change federal debt. The answer involves understanding what drives changes in the two components of total federal debt, debt held by the public (which includes debt held by individuals, pension funds, banks, and insurance companies, among other entities) and debt held by government accounts (almost all in federal trust funds, such as Social Security).
Date: January 4, 2001
Creator: Winters, Philip D.
Partner: UNT Libraries Government Documents Department
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The Budget Enforcement Act: Its Operation Under a Budget Surplus

Description: The Budget Enforcement Act was enacted in 1990 in an effort to control future budgetary actions. It did this through two separate, but related, mechanisms: limits on discretionary spending, and the pay-as-you-go process to require that any legislative action on direct spending or revenues which would increase the deficit be offset. These procedures currently would apply through FY2002 (for legislation enacted before October 1, 2002, for measures affecting direct spending or revenues), regardless of whether the budget is in deficit or surplus.
Date: February 11, 1998
Creator: Saturno, James V.
Partner: UNT Libraries Government Documents Department
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The Budget for Fiscal Year 2006

Description: This report discusses the President's fiscal year (FY) 2007 budget (February 2006) included a revised FY2006 deficit estimate of $423 billion, $72 billion larger than its previous estimate (July 2005) and $53 billion larger than its original deficit estimate in February 2005.
Date: October 23, 2006
Creator: Winters, Philip D.
Partner: UNT Libraries Government Documents Department
open access

The Budget for Fiscal Year 2006

Description: This report discusses the President's fiscal year (FY) 2007 budget (February 2006) included a revised FY2006 deficit estimate of $423 billion, $72 billion larger than its previous estimate (July 2005) and $53 billion larger than its original deficit estimate in February 2005.
Date: May 30, 2006
Creator: Winters, Philip D.
Partner: UNT Libraries Government Documents Department
open access

The Economics of the Federal Budget Surplus

Description: Fiscal 1998 marked the first year that total receipts exceeded outlays in the federal budget since 1969. Since then, the budget has been in surplus and official projections expect the budget to remain in surplus for the foreseeable future. Congressional Budget Office (CBO) baseline projections indicate that the budget surpluses are expected to grow steadily over the next 10 years.
Date: March 30, 2001
Creator: Cashell, Brian W.
Partner: UNT Libraries Government Documents Department
open access

The Economics of the Federal Budget Surplus

Description: Fiscal 1998 marked the first year that total receipts exceeded outlays in the federal budget since 1969. Since then, the budget has been in surplus and official projections expect the budget to remain in surplus for the foreseeable future. Congressional Budget Office (CBO) baseline projections indicate that the budget surpluses are expected to grow steadily over the next 10 years.
Date: March 30, 2001
Creator: Cashell, Brian W.
Partner: UNT Libraries Government Documents Department
open access

Budget Surpluses: Experiences of Other Nations and Implications for the United States

Description: A chapter report issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO provided information on the experience of six nations--Australia, Canada, New Zealand, Norway, Sweden, and the United Kingdom--with budget surpluses, focusing on: (1) how they achieved budget surpluses and what their fiscal policies were during periods of surplus; (2) how they addressed long-term budgetary pressures; (3) how they adapted their budget process during a period of surplus; and (4) the lessons these nations learned from their experiences with budget surpluses that might be applicable to the United States."
Date: November 2, 1999
Creator: United States. General Accounting Office.
Partner: UNT Libraries Government Documents Department
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Medicare and Budget Surpluses: GAO's Perspective on the President's Proposal and the Need for Reform

Description: Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the President's recent proposal for addressing Medicare and use of the projected budget surpluses over the next 15 years, focusing on: (1) the overall fiscal consequences of the proposal; (2) what it does and does not do for the Medicare Program; and (3) the importance of and difficulty in making fundamental changes to the program."
Date: March 10, 1999
Creator: United States. General Accounting Office.
Partner: UNT Libraries Government Documents Department
open access

Budget Surpluses: Economic Effects of Debt Repayment, Tax Cuts, or Spending - An Overview

Description: Updated projections released on July 15 by the Congressional Budget Office (CBO) indicate budget surpluses rising from $63 billion (0.9% of GDP) in FY1998 to more than $100 billion (1.3% to 1.5% of GDP) from FY2002 through FY2005 and over $200 billion (1.8% to 1.9%) from FY2006 through FY2008.1
Date: July 23, 1998
Creator: Cox, William
Partner: UNT Libraries Government Documents Department
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