Baseline (Budgeting)


Baseline (Budgeting)

A baseline is an important concept in budgeting, in particular in the United States. In terms of budgeting, the Office of Management and Budget prepares a "baseline" to use in expected spending of the Federal Government and its programs, deficits, revenue, total outlays and other economic factors.

The Congressional Budget Office also prepares one for uses by the Budget Committees of the U.S. Congress.

According to the Government Accountability Office, a Baseline is as follows:

Baseline

"An estimate of spending, revenue, the deficit or surplus, and the public debt expected during a fiscal year under current laws and current policy. The baseline is a benchmark for measuring the budgetary effects of proposed changes in revenues and spending. It assumes that receipts and mandatory spending will continue or expire in the future as required by law and that the future funding for discretionary programs will equal the most recently enacted appropriation, adjusted for inflation. Under the Budget Enforcement Act (BEA), which will expire at the end of fiscal year 2006, the baseline is defined as the projection of current-year levels of new budget authority, outlays, revenues, and the surplus or deficit into the budget year and outyears based on laws enacted through the applicable date.

CBO Baseline

Projected levels of governmental receipts (revenues), budget authority, and outlays for the budget year and subsequent fiscal years, assuming generally that current policies remain the same, except as directed by law. The baseline is described in the Congressional Budget Office’s (CBO) annual report for the House and Senate Budget Committees, The Budget and Economic Outlook, which is published in January. The baseline, by law, includes projections for 5 years, but at the request of the Budget Committees, CBO has provided such projections for 10 years. In most years the CBO baseline is revised in conjunction with CBO’s analysis of the President’s budget, which is usually issued in March, and again during the summer. The “March” baseline is the benchmark for measuring the budgetary effects of proposed legislation under consideration by Congress."

External links

* [http://www.cbo.gov/ Congressional Budget Act]
* [http://www.whitehouse.gov/omb/ Office of Management and Budget]
* [http://www.gao.gov/ Government Accountability Office]
* [http://www.house.gov/budget_republicans/ House Budget Committee (Republican Site)]
* [http://budget.house.gov/ House Budget Committee (Democratic Site)]
* [http://budget.senate.gov/republican/ Senate Budget Committee (Republican Site)]
* [http://budget.senate.gov/democratic/ Senate Budget Committee (Democratic Site)]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Baseline — The word baseline may refer to one of the following: * baseline (configuration management) is the process of managing change in hardware, software, firmware, documentation, measurements, etc * Baseline (magazine) * baseline (pharmacology) *… …   Wikipedia

  • Baseline — A benchmark that is used as a foundation for measuring or comparing current and past values. For example, a company wanting to measure the success of one of its product lines can use the number of units sold during the first year as a baseline… …   Investment dictionary

  • Conditional budgeting — is a budgeting approach designed for companies with fluctuating income, high fixed costs, or income depending on sunk costs, as well as NPOs and NGOs. The approach builds on the strengths of proven budgeting approaches, leverages the respective… …   Wikipedia

  • Marginal Budgeting for Bottlenecks — The Marginal Budgeting for Bottlenecks tool (MBB) is an analytical costing and budgeting tool that helps countries develop their health plans by taking into account the most effective interventions, cost and budget marginal allocations of their… …   Wikipedia

  • Reserves for Common-Interest Developments — Common Interest Developments (abrev. CID) is the fastest growing form of housing in the world today. [cite web| title=Living in a California Common Interest Development| publisher=State of California Department of Real Estate|… …   Wikipedia

  • Development Assistance Database — The Development Assistance Database (DAD) is a widely used Aid Information Management System (AIMS) developed by Synergy International Systems, Inc for Aid Management, Public Investment and National Budgeting. It has been established in more than …   Wikipedia

  • Project management — is the discipline of planning, organizing, securing, and managing resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time constrained, and often constrained by funding or deliverables) …   Wikipedia

  • Dual carriageway — A typical British dual carriageway with central barrier on the A63(T) near Hull, England …   Wikipedia

  • Pilot Project on Children used by adults in the commission of crime — The South African Child Labour Programme of Action has identified Children used by adults in the commission of crime (CUBAC), one of the Worst Forms of Child Labour, as a priority area for action on child labour in South Africa.Accordingly the… …   Wikipedia

  • Delivery of water to households far from sources of safe water — The South African Child Labour Programme of Action provides that pilot projects should be run on the Delivery of water to households far from sources of safe water. The Survey of Activities of Young People(SAYP) undertaken in 1999 indicated that… …   Wikipedia