A CBO Study: Estimating the Value of Subsidies for Federal Loans and Loan Guarantees

Abstract

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 CBO's 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.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 2004
Accession Number
ADA426831

Entities

People

  • Deborah Lucas
  • Marvin Phaup
  • Ravi Prasad

Organizations

  • Congressional Budget Office

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  • Government and Public Administration Law.
  • Public Financial Management and Budgeting