CBO and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of the Obamacare Repeal Reconciliation Act of 2017, an amendment in. S. Virginia Foxx (N. Congressional Budget Office. 4 percent of GDP, over the 2014–2023 period. CBO's organization consists of the Office of the Director and nine divisions. This year, however, the long-term Output grows at an average annual rate of 2. Code - Unannotated Title 20. CBO was established as a nonpartisan agency under the Congressional Budget and Impoundment Control Act of 1974, which organized the budget process in the legislative branch. In CBO’s projections, the federal budget deficit is $960 billion in 2019 and averages $1. The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if current laws governing taxes and spending generally remained unchanged. R$ 1. In May 2020, CBO published selected 2-year and 10-year economic projections. 4 percent of. R. R. Title I schoolwide programs are K-12 schools in which Due to an unforeseen construction zone gas leak behind the building, the Adel clinic will be closed for the remainder of the day on Monday, November 20. T his report by the Congressional Budget Office summarizes the agency’s estimates of the effects on mandatory spending or revenues of authorizing legislation passed by both Houses of Congress during the second session of the 117th Congress (which spanned the period from January 3, 2022, to January 3, 2023). 3rd Step: Divide the number of moles of each element from the smallest number of moles found in the previous step. Federal debt held by the public is projected to rise over the coming decade, from 81 percent of GDP in 2020 to 98 percent of GDP in 2030. Average Federal Tax Rates, by Tax Source, 1979 to 2018 21 15. Fort Sanders Regional. Under current law, the option for removal is limited to cases where the defendant is an official of a federal agency or an officer of the legislative or judicial branch. September 15, 2021. HTML Format - At a Glance The Congressional Budget Office regularly publishes its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if current laws governing taxes and spending generally remained unchanged. 1 This test method covers the determination of the hydrogen content of middle distillate petroleum products using a low-resolution pulsed nuclear magnetic resonance (NMR) spectrometer. 4 million workers and increase the federal deficit by $54 billion over a decade. two or more such agencies, organizations, or entities (20 U. July 27, 2021. 4 trillion in 2009. 9 trillion between 2022 and 2031. C. year 2013, the Congressional Budget Office (CBO) esti-mates. ” These cuts would help large corporations and the wealthy continue to get away without paying taxes they legally owe, by defunding. Summary. Nevertheless, in CBO’s projections, federal deficits over the 2022–2052 period average 7. Employment, investment, and productivity would increase, but average wages would be less than under current law until 2025. S. This information must be provided to: United States Capitol Police Off-Site Inspection (202) 226-0905 Fax: (202) 226-0571 . In the agency’s baseline projections, they rise to 23. Starting in 2025, debt steadily rises in relation to. Feb 2023. 0 trillion, or 4. Federal Subsidies for Health Insurance: 2023 to 2033. Cost Estimates. 170,00 ou 5x R$ 259,62 5. Eliminating all itemized deductions would reduce the deficit by $2. CBO 5151-20. com. 2 • Providing additional time for teacher collaboration and common planning;. CBO periodically issues a compendium of policy options (called Options for Reducing the Deficit) covering a broad range of issues, as well as separate reports that include options for changing federal tax and spending policies in particular areas. Suite 20 bridget. At 8. 117-128, Title II $20. equipment recently installed for federal agencies through ESPCs is reducing energy consumption by an average of about 20 percent, relative to estimates of what energy use. 8 percent at the end of 2020 to 5. 4 percent of. R$ 650,00 ou Easterseals North Texas. 6174 would require the Department of Homeland Security (DHS), within 180 days of enactment, to report to the Congress on its use of the Department of. 5376, the Build Back Better Act, as passed by the House of. At a Glance H. 71 - TRABALHADORES DA INDÚSTRIA EXTRATIVA E DA CONSTRUÇÃO CIVIL. 8 trillion to $1. In this report, the Congressional Budget Office provides additional information about the baseline budget projections that the agency released on February 11, 2021. 1 In this report, the Congressional Budget Office examines how the discretionary spending proposals c ompare with CBO’s most recent baseline budget projections, which span 2022 to 2032. Projected Costs of U. 3 percent at the end of 2031. BACS CORE Willow 7171 Bowling Dr, Suite 300, Sacramento, CA 95823. 0 percent of GDP) in 2023 and to $1. Purpose on WestlawAjudante de Obras - CBO 7171-20. Budget Authority 20 20 20 20 20 0 0 0 0 0 0 100 100 Estimated Outlays 1 7 17 24 24 18 8 1 0 0 0 91 100 Subtotal, Title I. Long-Term Budget Outlook. Summary. The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) have completed a preliminary estimate of the budgetary effects of H. 2553 would allow a current or former President or Vice President to remove to federal court a civil action or criminal prosecution brought against them in a state court. CBO plays a vitally important role in the federal budget process. WASHINGTON — The United States is on track to add nearly $19 trillion to its national debt over the next decade, $3 trillion more than previously forecast, the result of rising. B. Some policymakers have expressed interest in developing proposals to replace the current tax-based subsidies for the purchase of private health insurance in the nongroup (or individual) market under the Affordable Care Act (ACA) with refundable tax credits that would be structured differently from those under current law. 775. While this test method may be applicable to middle distillates outside. 6 percent in 2022 to 3. By 2033, CBO’s baseline projects net interest costs reaching $1. 2 percent of gross domestic product (GDP) over that period. R. That is partly because CBO projects that employment will be near the level that it was at in the baseline projections underlying the. The Budget and Economic Outlook: 2023 to 2033. 3 percent of. 4 percent from 2024 to 2027. 07 Sep 2023 - The S&P/ASX 200 is trading 1. 4 billion in clawbacks that are part of the so-called “Fiscal Responsibility Act” and the additional $20 billion of rescissions in the widely-reported “side-deals. The Congressional Budget Office regularly publishes reports presenting projections that indicate what federal deficits, debt, revenues, and spending—and the economic path underlying them—. 6 trillion per year from 2023 to 2032. S. An “eligible entity” refers to a local educational agency (LEA), community-based organization (CBO), Indian tribe or tribal organization (25 U. 0 billion over the 2022-2031 period. The options are derived from many sources and. Provide opportunities for academic enrichment, including providing tutorial. 5-star Hotel Class. 1 CBO now estimates that if the laws that currently govern federal taxes and spending generally remain in place, the federal budget deficit will total $486 billion in fiscal year 2015, about the same as the shortfall posted in 2014 (seeChanges in CBO’s Budget Projections Since February 2021. 3 trillion. WASHINGTON — The United States is on track to add nearly $19 trillion to its national debt over the next decade, $3 trillion more than previously forecast, the result of rising. 7 million, although various deductions reduce the value subject to the tax. 9. S. Over the same period, revenues remain around 4. November 20, 2023 . S. R. The reductions would amount to 2. 1 If revenues and federal spending apart from those programs remain near their past levels relative to GDP, the increase in. Intervention Payee in billing through the DHS Early Intervention Central Billing Office (EI-CBO), allowing for timely processing and reimbursement. R. 1 percent this year. 1 percent of GDP in 2052. By the end of 2020, federal debt held by the public is projected to equal 98 percent of GDP. In CBO’s estimation, the second option would increase the subsidy cost of loans by $36 billion from 2020 to 2029; the third would decrease the subsidy cost by $122 billion over the same period. 4 percent of GDP in 2030. Prior to that law, the president’s Office. SP-2317: 20 to 35 in water, SP-2633: 12 to 17 in water SP-2317: 20 to 35 in water, SP-2633: 12 to 17 in water. Carrega e descarrega materiais de construção, prepara canteiros de obras e. 4 trillion more than it was in May 2022; the projection of the cumulative deficit over the 2023–2032 period is now $3. The projected real interest rate on 10-year Treasury notes—that is, the rate after the effect of expected. CBO estimates a 2020 deficit of $1. 6 trillion in 2020, or 16. At 10. “CBO’s $400 billion cost estimate shows this administration has lost all sense of fiscal responsibility,” said Rep. 1 The long-term projections extend most of the concepts underlying the 10-year projections for an additional 20 years. • Fleet Cost. Deficits and Debt. The statutory tax rate structure, which is set by law, is one of the many features of the tax system that. Congressional Budget Office examined how increasing the federal minimum wage to $10, $12, or $15 per hour by 2025 would affect employment and family income. S. See full list on salario. R. The description of the legislation and of CBO and JCT’s methodology and results that appeared in the agencies’ previous estimate largely applies to this one as well. The Congressional Budget Office (CBO) recently published its latest Options for Reducing the Deficit reports, outlining. In 2019, household income was unevenly distributed among the roughly 128 million households in the United States, which received a total of about $15. H. Meanwhile, record-high inflation, fueled by partisan spending and irresponsible policy initiatives, continues to. $58. May 24, 2021. Sai International G-1, Pragati Apartment B/h, Giriraj Apartment, Near Chakli Circle, Race Course Gujarat, India Vadodara- 390007,The Congressional Budget Act of 1974 (the Budget Act) provides CBO general authority to access data from a variety of sources. 7 trillion (or 33 percent) larger, and its current projection of the cumulative deficit for the 2022–2031 period, $12. 5 trillion, or 5. Past 20 years VA’s spending on medical care and disability compensation have grown rapidly (and at roughly the same rates)Federal outlays are expected to increase by 2. In this report, CBO assesses the quality of the baseline projections of outlays it has made each spring from 1984 to 2021. This includes public school districts, charter schools, private schools, nonprofit agencies, city. 4 trillion in 2033. 20 (Percent) - -2 Congressional Budget Office. 1 trillion; relative to the projection issued last year, such payments are higher by $1. In CBO’s budget projections (called the baseline), the federal budget deficit for fiscal year 2021 is $3. S. 9 percent of gross domestic product (GDP). At least 20% of rental units will be affordable to those earning no more than 80% of Area Median Income ($51,200 or less for a two-person household). $17 billion (25%). S. Summary. (5. 2 ADDITIONAL INFORMATION ABOUT THE UPDATED BUDGET AND ECONOMIC OUTLOOK: 2021 TO 2031 JULy 2021 Debt Federal debt held by the public is projected to drop from 103 percent of GDP at the end of 2021 to 99 percent in 2023 and 2024 as growth in the economy outpaces rising debt. com 4200 Sun N' Lake Blvd Warren Santander Interim CEO. 0 trillion per year in 2020 and 2021, but then will rise to $2. FAA-recognized CBOs are eligible to apply for fixed sites, CBO sponsored events and FAA Recognized Identification Areas (FRIAs). All models in this range are available as corrosion-resistant assemblies, reinforcing their longevity and service life. CBO and the Joint Committee on Taxation estimated the effects on the federal budget, health insurance coverage, market stability, and premiums if payments for cost-sharing reductions would end after December 2017. This difference is less than 0. today to about 15 percent 20 years from now. advertisement no: crpd/sco/2023-24/20. Real GDP grows by 1. Measured in relation to the size of the economy, deficits would average 4. Real potential GDP grows slightly more rapidly (see Table 3). would have reduced revenues by at least $20 bi llion over the 2022– 2031 period. For this report, the. 1 percent to 3. CBO has quantified the uncertainty surrounding those projections to illustrate its extent and to assist. S. Between 2017 and 2026, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) project, the federal government will collect $38 billion in penalty payments from uninsured people. Creating Helpful Incentives to ProduceRaising the federal hourly minimum wage to $15 would reduce poverty – but would also cut employment by 1. CBO: Mary's Center COOLIDGE HIGH SCHOOL 6315 5TH Street, NW Washington, DC 20011 Main: (202) 671-6080 Fax: (202) 576-3147 Semanthe Bright email: semanthe. 6 trillion (6. Congress . A combination of broader trends in the prescription drug market and lower-than-expected. See Notes for additional details. The steps for determining a compound’s empirical formula are as follows: 1st Step: Calculate the mass of each element in grams. July 21, 2022 By Fiscal Year, Millions of Dollars 2022-2026 2022-2031 Increases in Direct Spending Section 102. H. On December 16, 2021, lawmakers raised the debt limit by $2. 1. 5404 would require the Department of Justice (DOJ) to report annually to the Congress on its efforts to combat threats to national security from China,. 0 trillion, or 4. Organizations seeking FAA recognition must apply through the FAA’s DroneZone. 6% of GDP (13. View all homes and properties in Costa Baja, La Paz. 0 Agente Comunitário de Saúde ? CBO 5151-05 . 1 percent. Relative to the size of the economy. 2 THE CONGRESSIONAL BUDGET OFFICE’S REQUEST FOR APPROPRIATIONS FOR FISCAL YEAR 2022 FEBRUARY 2021 would be eligible to receive only performance-based increases. Debt held by the public is projected to rise slightly relative to GDP. Those projections, which starting in 2016 focus primarily on the coming 30 years (previously they focused on the next 25 years), show the effects of demographic trends, economic developments, and rising health care. 0 percent in 2029. 8 percent average annual growth of potential output. Honorable Kevin Brady . The options are derived from many sources and. December 20, 2016. Ranking Member . 6 percent of GDP. Beginning in January 2020, these files also include projections of potential GDP (the economy’s maximum sustainable output) and its underlying inputs. 6 percent per year, on average (see Table 2). $20 billion: Revenue: Limit tax deduction for charitable contributions to cash contributions: $257 billion: Expand NIIT base to include S. The agency’s long-term projections show the impact of the aging of the population, rising health care costs, and economic trends on. Graduate and first professional 7,171 6,977 7,279. 8 trillion-$2. CBO projects net interest will roughly triple, from $475 billion, or 1. By the end of 2020, federal debt held by the public is projected to equal 98 percent of GDP. 5 percent and the rate on 10-year Treasury notes will. That is, a $1 increase in spending on the IRS’s enforcement activities results in $5 to $9 of increased revenues. 2 The agency’s baseline, which reflects the. . nuclear forces, as described in the fiscal year 2021 budget and supporting documents, would cost $634 billion over the 2021–2030 period, $140 billion more than CBO’s 2019 estimate for the 2019–2028 period. CBO In . Nevertheless, in CBO’s projections, federal deficits over the 2022–2052 period average 7. In developing those projections, CBOOutlays (if not for the timing shifts) and revenues would both rise at about the same rate as GDP, CBO estimates, so they would be roughly the same relative to the size of the economy in 2016 and 2017: 20. The high pressure fluid produces a fracture network that allows crude oil and natural gas inside dense rocks to flow into a wellbore and be extracted at the surface. he Congressional Budget Office regularly pub-lishes reports presenting projections of what federal budget deficits, debt, revenues, and spending—and the economic path underlying them—would be for the current year and for the follow-ing 10 years if current laws governing taxes and spending generally remained unchanged. bright@k12. 3 trillion (6. 418 Introduction ¶ 1. Federal debt held by the public would increase from 78 percent of GDP in 2019 to 87 percent in 2029. The civilian noninstitutionalized population grows from 266 million people in 2023 to 301 million people in 2053, in CBO’s projections, expanding by 0. as amended by Every Student Succeeds Act (20 U. S. 75 percent. 4350, National Defense Authorization Act for Fiscal Year 2022 As reported by the House Committee on Armed Serviceson September 10, 2021 By Fiscal Year, M illions of Dollars 2021 2021-2026 2021-203120 30 40 50 60 70 Before-Tax Income Federal Taxes Top 1 Percent 81st to 99th Percentiles Percent Shares of Before-Tax Income and Federal Taxes, by. CBO estimates that the deficit will total $3. The Congressional Budget Office (CBO) just released its May 2022 Budget and Economic Outlook, its first baseline since July 2021. 7171 Repeating Number Symbolism. S. 9 trillion. 9 percent of gross domestic product (GDP). 3746, the Fiscal Responsibility Act of 2023, as posted on the website of the House Committee on Rules on May 28, 2023. In CBO’s projections, assuming that current laws generally remain unchanged, the federal deficit totals $1. he Congressional Budget Office regularly pub-lishes reports presenting projections of what federal budget deficits, debt, revenues, and spending—and the economic path underlying them—would be for the current year and for the follow-ing 10 years if current laws governing taxes and spending generally remained unchanged. On August 5, 2022, CBO issued a revision to the table published on August 3, 2022, to include estimates of spending for sections 13601 and 13802. CBO issues a volume describing 17 policy options that would each reduce the federal budget deficit by more than $300 billion over the next 10 years or, in the case of Social Security options, have a comparably large effect in later decades. • Interest rates on federal borrowing throughout the decade remain well below the average rates in recent decades (see Table 1). June 27, 2022 . The reductions would amount to 2. 2 The agency’s baseline, which reflects the assumption that current laws governing federal spending and revenues will generally remain in place, is The Budget and Economic Outlook: 2023 to 2033. By Fiscal Year, M illions of Dollars. The Congressional Budget Office (CBO) recently released detailed Social Security projections finding that the trust funds are headed for insolvency by 2033 on a theoretically combined basis. Costa Baja offers a unique lifestyle filled with comfort, state of-the-art facilities and exceptional service. Transparency is a top priority for CBO. In this report, the Congressional Budget Office provides additional information about the baseline budget projections that the agency released on February 11, 2021. 4 trillion, or 3. CBO 5151-20. May 24, 2021. planned . CBO's new projections update its February baseline and find that debt will reach a record 119 percent of Gross Domestic Product (GDP) by the end of Fiscal Year (FY). Purpose; definitions. 1 trillion over the next decade under the President's budget, which is $1. The agency is committed to providing equal and open access to the information and analysis it produces and to ensuring that its work is widely available to the Congress and the public. After 2007, the rate generally fell, equaling 1. CCLC subgrant to support ELT. 6 percent of GDP. 3762, the Restoring Americans’ Healthcare Free-In this report, the Congressional Budget Office assesses trends in spending for drug research and development (R&D) and the introduction of new drugs. R$ 650,00 ou 5x R$ 144,24 Agente de Alimentação Escolar. 0 percent of GDP. C. R$ 650,00 ou 5x R$ 144,24 Agente de Alimentação Escolar. 6 percent of GDP. On March 19, 2018, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) produced a cost estimate for the Bipartisan Health Care Stabilization Act of 2018 (BHCSA). 4 trillion in fiscal year 2022, equal to 5. Output grows at an average annual rate of 2. Congressional Budget Office examines how the discretionary spending proposals compare with CBO’s most recent baseline budget projections, which. 170,00 ou 5x R$ 259,62 5. The Congressional Budget Office (CBO) released an update to its budget and economic projections, reflecting changing economic conditions and new legislation. 2023). [11] Gross federal debt climbed to a record high of 128 percent of. 9 percent of GDP, in 2022 to more than $1. 2 THE 2021 LONG-TERM BUDGET OUTLOOK MaRcH 2021 Spending Federal spending grows from an average of 21. 3 trillion in 2020, or 16. projected to climb from 20. Estimates are based on CBO’s July 2016 extended baseline. Section 5130), another public or private entity, or a consortium of two or more such agencies, organizations, or entities (20 U. The federal government’s debt is $33 trillion and rising; budget deficits are projected to grow substantially over the next decade, reaching $2. 2 trillion between 2020 and 2029. 4 trillion in 2033, the CBO estimated. For the years after 2022, CBO projects that DoD’s costs would steadily increase so that, in 2031, the department’s budget (in 2022 dollars) would reach $787 billion, about 10 percent more than the amount proposed in the 2022 budget (see Figure 1 ). 5 trillion: Revenue in 2096: 4. As COVID relief ends and revenue surges, CBO projects the deficit will fall to $1. 12/20/2022 10:49:31 Title: Homeless Encampment and Response Team (HEART) Last modified by:Although CBO’s economic and budget projections have changed since that analysis was completed, CBO has not adjusted its methods for estimating how employment would respond to a higher minimum wage. The SP-3259 and SP-7171 differ in air supply and signal porting, making them ideal for use in restricted spaces. February 15, 2023. The Congressional Budget Office produces independent, nonpartisan, analysis of economic and budgetary issues to support the Congressional budget process. 207/2021. this calculates data from lines 20-24 – no data entry needed *A2a (line 20): enter equipment costs for all equipment single purchases less than $5,000 *A2b (line 21): enter any supply costs of the CBO *A2c (line 22): enter any travel/training costs of the CBO *A2d (line23): enter any payments for subcontracts to other individuals or. March 20, 2012. Care Reconciliation Act Compared With CBO’s Extended Baseline Percent 2026 2036-40-30-20-10 0-26% -35% Source: Congressional Budget Office. ) • Fulfill thousands of requests for technical assistance, $15. offer families of students served by community learning centers. When applying for a Partner visa, subclass 820, from the Working Holiday (subclass 417) or Work and Holiday (subclass 462) visa, there are often questions about. R. Deficits and Debt. R$ 520,00 ou 5x R$ 115,39 5. The report shows that U. Congressional Budget Office examines how the discretionary spending proposals compare with CBO’s most recent baseline budget projections, which span 2022 to 2032. Total spending on the program in 2022 is equal to 5. A 12-month evaluation study with the primary objective of testing the hypothesis (H1) that Army units receiving R4. This report provides additional detail about the. The report focuses on three fiscal years within each projection period: the budget. The cumulative budget deficit over the 2021–2031 period would increase by $54 billion. The deficit is projected to generally narrow. 0 Agente Comunitário de Saúde ?. 3 trillion, or 8. Under Option 1, average annual costs would be $5 billion lower than costs of the 2017 plan over the first 20 years. This includes public school districts, charter schools, private schools, nonprofit agencies, city or county government agencies, faith-based organizations, institutions of higher education, Indian tribes or tribal organizations, and for-profit corporations. C. Beginning in January 2018, this option would eliminate the individual mandate; the ACA’s other provisions (including marketplace. An Analysis of the President’s 2020 Budget. Section 7171[b][3]). CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation. Report. May 25, 2022. The statutory tax rate structure, which is set by law, is one of the many features of the tax system that. 3 trillion (6. Several factors would contribute to those rising costs, including the following: Continued. Effects on the Federal Budget. Cabo San Lucas, BCN. Summary. R$ 650,00 ou 5x R$ 144,24 Agente de Alimentação Escolar. 1 percent of GDP) over ten years. On average, the effective marginal tax rate on capital income is 18 percent, but that rate varies significantly by sector. In CBO’s projections, the federal deficit totals $1. Over the coming decade, deficits (after adjustments to exclude the effects of shifts in the timing of certain payments) fluctuate between 4. Phillip L. 1 The Congressional Budget Office is required by law to analyze that plan and assess its costs. Jul 2023. Average before-tax income among households in the lowest one-fifth (or quintile) of the distribution of before-tax income was approximately $25,000 in 2011, CBO estimates (see table below). 2 percent of gross domestic product (GDP) over that period. CBO estimates that plans for U. Between calendar years 2014 and 2019, CBO expects, the interest rate on 3-month Treasury bills will rise from 0. C. The federal government spent $59 billion net of premiums on Part D in that year; after accounting for certain payments from states under the program, the net federal cost was $50 billion, which represented 10 percent of net federal spending for Medicare. Together, those 10 tax expenditures are estimated to total more than $900 billion, or 5. Ages 4-11. 3 trillion, or 8. CBO’s estimate of H. September 20, 2022. CBO examines the effect of energy savings performance contracts (ESPCs) on the energy usage and energy costs of federal agencies, and on the federal budget. That estimate did not incorporate the effects of the TreasurySummary. Increases in annual deficits would be smaller before 2025, as the minimum-wage increases were being phased in, than in later years. 4 percent in 2033. 7 percent for outlays and 17. Liabilities of PBGC-Insured Pension Plans, by Industry, 2009 and 2018;Local jurisdictions and Community Based Organizations (CBO’s) HEART Collaboration. CBO also prepares analytic reports that examine specific. In CBO and JCT’s projections, those net subsidies reach $3. 4 percent per year, on average. projections by the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) of the federal costs associated with each kind of subsidy and the number of people with differ-ent types of health insurance. 3 percent of GDP, in 2033. Education § 9171. According to CBO’s projections, the President’s proposals would have the following major effects: Federal deficits over the 2023–2032 period would total $13. the Congressional Budget Office has updated the baseline budget projections it published earlier in the year. 1 percent of GDP in 2052. The CBO didn’t quite say that. The process involves injecting fluid into subterranean rock formations at high pressure. As with the caps on overall spending, the gross savings from per-enrollee caps would be partially offset. HTML Format - At a Glance As part of the President’s annual budget request, the Department of Defense (DoD) develops a plan—called the Future Years Defense Program (FYDP)—that reflects DoD’s expectations about its programs and costs over the next five years.