Fair-Value Budgeting: Practical Issues: Working Paper 2021-08

Michael Falkenheim

No 57264, Working Papers from Congressional Budget Office

Abstract: Fair-value budgeting represents a more comprehensive measure of cost for government activities than the measure required under current law. However, fair-value budgeting raises practical questions: Which government activities would benefit from fair-value estimates? How might they be used? How can agencies estimate fair value without observing market prices for government risks? The use of fair value could depend on three criteria:Commitment, whether the government makes commitments that it cannot shed through future legislation;

JEL-codes: G00 H50 H81 H83 (search for similar items in EconPapers)
Date: 2021-07-29
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/2021-07/57264-Fair-Value-Budgeting.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:wpaper:57264

Access Statistics for this paper

More papers in Working Papers from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().