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Estimates of the Cost of Federal Credit Programs in 2021

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  • Congressional Budget Office

Abstract

The federal government supports some private activities by providing credit assistance to individuals and businesses. CBO shows two kinds of estimates of the lifetime costs of those credit programs: estimates created by following procedures prescribed by the Federal Credit Reform Act of 1990 (FCRA); and estimates that account for the market value of the government’s obligations, which are called fair-value estimates. Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2021 would result in savings of $41.8 billion.

Suggested Citation

  • Congressional Budget Office, 2020. "Estimates of the Cost of Federal Credit Programs in 2021," Reports 56285, Congressional Budget Office.
    • Handle: RePEc:cbo:report:56285
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    File URL: https://www.cbo.gov/system/files/2020-04/56285-CBO-fair-value-estimates-2021.pdf
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    More about this item

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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