Sunday, September 25, 2016

State FY16 Tax Update

On September 25, 2016 usgovernmentspending.com updated FY2016 state revenue with quarterly tax data released by the US Census Bureau on September 20, 2016.  Local tax data was updated by assuming that local taxes for 2016 changed by the same percent as state taxes of the same type.

State and local spending projections for FY2017 to FY2021 have been reestimated using the "Guesstimate" method.

Friday, September 16, 2016

Agency Debt Update for 2015

usgovernmentspending.com has updated its data for agency debt from the Federal Reserve Board database. Data is now available for the period 1945-2015. You can see our Agency Debt page here, and a comparison with the official "on-the-books" debt here.

For the period 2016 to 2021 usgovernmentspending.com has "guesstimated" the agency debt, assuming that it increases at the same rate as it did in 2014 to 2015.

See "Federal 'Agency Debt' Added" for explanation of  data derivation. Data is downloaded from the FRB data download page.

Monday, July 18, 2016

CBO Long Term Budget Outlook 2016

On July 12, 2016, the Congressional Budget Office released its annual Long Term Budget Outlook for 2016, which projects federal spending and revenue out into the 2040s.  As before, the CBO study shows that federal health-care programs will eat the budget, with federal spending exceeding 28 percent GDP by mid century while federal revenue stays below 20 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.