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Accrual Accounting for Veterans' Benefits: Working Paper 2026-07

Author

Listed:
  • F. Matthew Woodward

Abstract

The Congressional Budget Office estimates that under current policies, benefits provided by the Department of Veterans Affairs (VA) would cost about $90,000 annually per active-duty service member if accrual accounting methods were used to fund future disability and health benefits that many veterans will receive from VA.This paper describes how CBO arrived at that cost. The results of the analysis are reflected in CBO's infographic, "Atlas of Military Compensation" (www.cbo.gov/publication/62260).Because VA benefits are

Suggested Citation

  • F. Matthew Woodward, 2026. "Accrual Accounting for Veterans' Benefits: Working Paper 2026-07," Working Papers 62384, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:62384
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    File URL: https://www.cbo.gov/system/files/2026-06/62384-Accrual-Accounting-Veterans.pdf
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    More about this item

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • J45 - Labor and Demographic Economics - - Particular Labor Markets - - - Public Sector Labor Markets
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • N32 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - U.S.; Canada: 1913-
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-

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