A CBO Study: Estimating the Value of Subsidies for Federal Loans and Loan Guarantees
CONGRESSIONAL BUDGET OFFICE (U S CONGRESS) WASHINGTON DC
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With credit-reform rules having been in effect for more than a decade, the Chairman of the House Budget Committee has asked the Congressional Budget Office CBO to reexamine the provisions of the Federal Credit Reform Act FCRA with an eye toward identifying possible improvements in, and extensions of, the accrual basis of budgetary accounting. This study - which is one part of CBOs response to that request - focuses on using commercial interest rates, which incorporate risk, instead of risk-free Treasury rates to measure the cost of federal credit programs.
- Economics and Cost Analysis