Accession Number : ADA466207
Title : A Review of Cost Estimates for Direct Spending Legislation
Descriptive Note : Congressional rept.
Corporate Author : CONGRESSIONAL BUDGET OFFICE (U S CONGRESS) WASHINGTON DC
Report Date : 10 Jun 1991
Pagination or Media Count : 33
Abstract : Scorekeeping for direct spending legislation has taken on added importance with the passage of the Budget Enforcement Act of 1990. In part because of this increased importance, Representatives Michel, Gephardt, Panetta, and Gradison, and Senator Sasser requested that the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) jointly prepare a report on scoring of direct spending legislation. This report provides the information they requested. It reviews OMB and CBO scoring of direct spending legislation passed during the 101st Congress. It also discusses OMB and CBO scoring of the FY 1992 budget and legislation enacted to date by the 102nd Congress. In addition, the report lists scorekeeping issues that have arisen during discussions between OMB, CBO, and the Budget Committees. Comparative scoring is available for fourteen bills that were enacted during the 101st Congress. After eliminating OMB/CBO scoring differences that are unlikely to recur or are likely to be reduced because of a variety of legislative and definitional changes, the remaining OMB/CBO scoring differences are only $0.4 billion 1.7 percent of the savings estimated. OMB estimated that these bills produce five-year savings of $124.5 billion, while CBO estimated five-year savings of $133.3 billion a difference of $8.8 billion, or 7 percent. On balance, almost all of this difference arises in just three programs farm price supports, Medicare, and Medicaid.
Descriptors : *COST ESTIMATES , *LEGISLATION , *SCORING , *FEDERAL BUDGETS , CONGRESS
Subject Categories : Administration and Management
Government and Political Science
Sociology and Law
Distribution Statement : APPROVED FOR PUBLIC RELEASE