The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of an amendment in the nature of a substitute to H.R. 4872, the Reconciliation Act of 2010. The amendment discussed in this letter (hereafter called “the reconciliation proposal”) is the one that was made public on March 18, 2010, as ...

This paper discusses the problem of the optimal determination of budget deficit limits in cases where the fiscal authority wishes to keep the budget deficit close to a reference value. It is assumed that the fiscal authority minimizes the expected discounted value of squared deviations from the reference value. Lump-sum and proportional intervention costs are considered. This paper is also an e...

Links: [1] https://www.uoguelph.ca/finance/departments-services/budgeting/20152016-operating-budget-forecast-guideline [2] https://www.uoguelph.ca/finance/myp2-budget-directives-principles-and-positions [3] https://www.uoguelph.ca/finance/system/files/Chairs%20Endowed%20Policy%20final%20feb%2022_0.pdf [4] https://www.uoguelph.ca/finance/system/files/Carryforward%20Policy%20Guideline.pdf [5] htt...

Links [1] https://www.uoguelph.ca/finance/departments-services/budgeting/20152016-operating-budget-forecast-guideline [2] https://www.uoguelph.ca/finance/system/files/Forecast%20Carryforward%20Summary%201718.xlsx [3] https://www.uoguelph.ca/finance/system/files/Chairs%20Endowed%20Policy%20final%20feb%2022_0.pdf [4] https://www.uoguelph.ca/finance/system/files/Carryforward%20Policy%20Guideline_0...

Links [1] https://www.uoguelph.ca/finance/departments-services/budgeting/20152016-operating-budget-forecast-guideline [2] https://www.uoguelph.ca/finance/system/files/Forecast%20Carryforward%20Summary%201617.xlsx [3] https://www.uoguelph.ca/finance/system/files/Chairs%20Endowed%20Policy%20final%20feb%2022_0.pdf [4] https://www.uoguelph.ca/finance/system/files/Carryforward%20Policy%20Guideline_0...

Links [1] https://www.uoguelph.ca/finance/departments-services/budgeting/20152016-operating-budget-forecast-guideline [2] https://www.uoguelph.ca/finance/system/files/Forecast%20Carryforward%20Summary%201617.xlsx [3] https://www.uoguelph.ca/finance/system/files/Chairs%20Endowed%20Policy%20final%20feb%2022_0.pdf [4] https://www.uoguelph.ca/finance/system/files/Carryforward%20Policy%20Guideline.p...