Technical and Economic Assumptions

GAO Glossary of Terms and Definition (September 2005)

Technical and Economic Assumptions

Assumptions about factors affecting estimations of future outlays and receipts that are not a direct function of legislation. Economic assumptions involve such factors as the future inflation and interest rates. Technical assumptions involve all other nonpolicy factors. For example, in the Medicare program, estimations regarding demography, hospitalization versus outpatient treatment, and morbidity all affect estimations of future outlays.

[PAGE 95]


Tax Expenditure


Temporary Joint Committee on Deficit Reduction