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A Summary of Selected CBO Reports on Cash and Accrual Budgeting: Working Paper 2019-09

Megan Carroll and David Torregrosa

No 55672, Working Papers from Congressional Budget Office

Abstract: Federal retirement programs and some federal insurance programs have long-term effects on the budget. But the federal budget process typically uses cash-based accounting measures that cover a 10-year period, which may be too short to accurately report those programs’ net budgetary effects over the long term. In contrast, using accrual accounting for such programs would accelerate the recognition of long-term costs and would display the expected costs of new commitments when they were incurred and thus were most controllable. However, such estimates are less transparent and

JEL-codes: G00 H50 H60 H61 H81 H83 J32 J45 (search for similar items in EconPapers)
Date: 2019-10-09
New Economics Papers: this item is included in nep-acc and nep-ias
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