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Publication Date: February 2004
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Richard Kogan
Research Area: Banking and finance
Keywords: Federal budget; Economic projections; Fiscal future
Type: Report
Abstract:
The President recently signed the omnibus appropriations bill for fiscal year 2004. Debate over this legislation has been accompanied by charges that appropriations in general — and appropriations for domestic programs in particular — are spiraling out of control.
This analysis examines the rate of growth in appropriated (or “discretionaryâ€) programs in fiscal year 2004, now that the omnibus bill has become law. The analysis also examines growth rates in discretionary programs over the past several years. The analysis is based on official Congressional Budget Office estimates of funding (or “budget authorityâ€) for discretionary programs, adjusted to account for technical anomalies.