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Automatic Stabilizers in the Federal Budget: 2020 to 2030

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  • Congressional Budget Office

Abstract

Federal revenues and outlays regularly respond to cyclical movements in the economy in ways that tend to dampen those movements; the budget mechanisms that drive that process are known as automatic stabilizers. Those mechanisms help stabilize the economy automatically, without any legislated changes in tax or spending policies.

Suggested Citation

  • Congressional Budget Office, 2020. "Automatic Stabilizers in the Federal Budget: 2020 to 2030," Reports 56095, Congressional Budget Office.
    • Handle: RePEc:cbo:report:56095
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    File URL: https://www.cbo.gov/system/files/2020-02/56095-CBO-automatic-stabilizers.pdf
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    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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