OMB
COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
Report No: 561
Date: 12/13/2001
- LAW NUMBER:
P.L.107-52 (H.J.Res. 51)
- BILL TITLE:
Approving the Extension of Normal Trade Relations Status for Vietnam.
- BILL PURPOSE:
Approves the extension of normal trade relations status to Vietnam.
- OMB ESTIMATE:
P.L.107-51 reduces tariffs on products imported from Vietnam, which
would reduce receipts.
|
(Fiscal
years; in millions of dollars) |
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
Receipts
. . . . . . . . . . . . . . . . . . . . |
0 |
-26 |
-29 |
-27 |
-27 |
-26 |
- CBO ESTIMATE:
|
(Fiscal
years; in millions of dollars) |
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
Receipts
. . . . . . . . . . . . . . . . . . . . |
0 |
-33 |
-34 |
-36 |
-38 |
-40 |
- EXPLANATION
OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
There
are small technical estimating differences.
- CUMULATIVE
EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:
|
(Fiscal
years; in millions of dollars) |
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
Outlay
effect.............. |
5,503 |
16,646 |
20,274 |
21,014 |
22,071 |
7,413 |
Receipt
effect............ |
-69,501 |
-35,132 |
-84,624 |
-103,812 |
-104,966 |
-124,403 |
Net
costs.................... |
75,004 |
51,778 |
104,898 |
124,826 |
127,037 |
130,816 |
NOTE:
The cumulative effect of direct spending and revenue legislation enacted
to date is currently estimated to result in an end-of-session sequester.
The Administration looks forward to working with the Congress to ensure
that an unintended sequester does not occur.
|