OMB
COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
Report No: 565
Date: 01/25/2002
(Fiscal years; in millions of dollars) | ||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |
Net costs.................................... | 0 | 201 | 504 | 606 | 650 | 685 |
(Fiscal years; in millions of dollars) | ||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |
Net costs.................................... | 0 | 229 | 539 | 701 | 780 | 840 |
CBO scores pay-as-you-go costs of $3.1 billion over the 2002 through 2006 period, $0.4 billion more than OMB. The difference results largely from different pricing of the provisions increasing veterans' educational benefits. CBO estimates a higher cost of increasing veterans's basic benefits, because CBO assumes an increase in participation while OMB does not. CBO's higher cost estimate for the basic benefits is partially offset by its lower cost estimate for expanding technical education benefits, largely due to CBO assuming a lower usage of the maximum benefit allowable than OMB.
(Fiscal years; in millions of dollars) | ||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |
Outlay effect.............. | 5,503 | 18,404 | 24,031 | 23,738 | 23,072 | 8,489 |
Receipt effect............ | -69,768 | -34,950 | -84,843 | -104,138 | -105,314 | -123,755 |
Net costs.................... | 75,271 | 53,354 | 108,874 | 127,876 | 128,386 | 132,244 |