Effects of Physical Infrastructure Spending on the Economy and the Budget Under Two Illustrative Scenarios
Congressional Budget Office
No 57327, Reports from Congressional Budget Office
Abstract:
Increases in physical infrastructure spending would boost private-sector productivity in the coming decades, contributing to economic growth that could lower the budgetary cost of that spending. To study such increases, CBO examined two illustrative scenarios that would boost federal funding for a mix of types of physical infrastructure by $500 billion over 10 years. The effects of macroeconomic changes on the budget would depend on how additional infrastructure spending was financed and on the time period considered.
JEL-codes: E60 H40 H50 H60 (search for similar items in EconPapers)
Date: 2021-08-06
New Economics Papers: this item is included in nep-isf and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:57327
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