Estimates of the Cost of Federal Credit Programs in 2021

Congressional Budget Office

No 56285, Reports from Congressional Budget Office

Abstract: The federal government supports some private activities by providing credit assistance to individuals and businesses. CBO shows two kinds of estimates of the lifetime costs of those credit programs: estimates created by following procedures prescribed by the Federal Credit Reform Act of 1990 (FCRA); and estimates that account for the market value of the government’s obligations, which are called fair-value estimates. Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2021 would result in savings of $41.8 billion.

JEL-codes: G00 H50 H81 H83 (search for similar items in EconPapers)
Date: 2020-04-02
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