Fair-Value Estimates of the Cost of Federal Credit Programs in 2019

Congressional Budget Office

No 54095, Reports from Congressional Budget Office

Abstract: The federal government supports some private activities by providing credit assistance to individuals and businesses. CBO offers two kinds of measures for estimating the lifetime costs incurred by those federal 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 2019 would result in savings of $37.4 billion.

JEL-codes: G00 H50 H81 H83 (search for similar items in EconPapers)
Date: 2018-06-29
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