Appropriation Act Cbo Form

Instructions and help about Appropriation Act Cbo

second hearing this morning where we'll be discussing the Congressional Budget Office and its appropriations requests CBO has become such so much a part of this institution that we may take it for granted but we should remember what a key role CBO plays in helping Congress effectively exercise the power of the purse assigned to us by the Constitution before CBO was established in 1975 Congress largely depended on the executive branch for budget and economic analysis and estimates of the costs of proposed legislation which CBO Congress has its own independent source of cost estimates for legislation assessments of the president's budget proposals and projections of the future path of spending revenues and deficits we need to protect and strengthen that capacity the CBO budget requests fifty seven point three million dollars which is a 2.4 million or four point three percent increase above fiscal year 2020 virtually all of that is for personnel costs this funding would support existing s