Congressional Budget Office V. A CBO Report: The Cyclically Adjusted and Standardized-Budget Measures

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A CBO Report: The Cyclically Adjusted and Standardized-Budget Measures [iii] (May 2004)

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A
CBO
REPORT

The Cyclically Adjusted and
Standardized-Budget Measures
May 2004

Notes

Numbers in tile text and tables of this report may not add up to totals because of rounding.

All of the years rcferred to in relation to the budget and the business cycle are federal fiscal
years.

Deficits are negative surpluses.

CONTENTS

Why AdjtstMelsjures of the Total Budget Surplus or Deficit?

The Cyclically Adjused tSutrplus or Deficit

l'_l10_.adardizcd-Budget Surplus or Deficit

Appcndix:_Details of CBO's Projtions olic Standadizcd-Budgt.t Surplus or Deficit

Tal)les

I. Measures of the Federal Budget Surplus or Deficit, 2000 to 2005
A-I. Details of the Standardized-Budget Surplus or Deficit, 2000 to 2005 (Billions of dollars)
A-2. Details of the Standardized-Budget Surplus or Deficit, 2000 to 2005 (Percentage of potential
GDP)
A-3. Other Adjustments to the Standardized-Budget Surplus or Deficit, 2000 to 2005
A-4. The Standardized-Budget Surplus or Deficit and Related Series, 1962 to 2005 (Billions of
dollars)
A-5. The Standardized-Budget Surplus or Deficit and Related Series, 1962 to 2005 (Percentage of