The Economic And Budget Outlook An Update

Chapter one covers the state of the economy, the economic outlook, and risks to the economic outlook. Chapter two covers the deficit outlook, revenue and spending projections, changes resulting from the reconciliation legislation, other changes in the budget outlook, and the federal sector of the national income and product accounts. Appendixes include: changes in calculating the Consumer Price Indexes, and a sequestration update report for fiscal year 1998. Charts and tables.

Contents: the economic outlook (the state of the economy; past mistakes and future risks); the budget outlook (outlook for the deficit or surplus; debt and deficit); the revenue outlook (risks to the revenue estimates); the spending outlook (discretionary spending). Appendices include: the economy's effect on the budget, budget resolution targets and actual outcomes, 1980-1997; the Federal sector of the national income and product accounts, historical budget data, Medicare projections, Medicaid and the state children's health insurance program, and projections of national health expenditures. Charts and tables.