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Publication Date: February 2008
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Sharon Parrott
Research Area: Banking and finance; Social conditions
Keywords: Economic projections; Federal budget; Fiscal future
Type: Report
Abstract:
The President’s new budget provides $15 billion less for domestic appropriated programs in fiscal year 2009 than will be needed to maintain current levels of service in these programs (i.e., to keep funding for these programs even with inflation). It can be difficult, however, for the public and policymakers to understand the implications of differing levels of funding for appropriated programs as a whole. Yet decisions on those overall funding levels have important implications for key public services.