NIPA Translation of the Fiscal Year 2009 Federal Budget

March 2008
Survey of Current Business;Mar2008, Vol. 88 Issue 3, p19
Trade Publication
The article presents the U.S. Bureau of Economic Analysis' translation of U.S. President George W. Bush's budget for fiscal year 2009 into a national income and product account (NIPA) framework. The annual translation, which researchers find useful, provides a tool to help gauge how proposed federal spending might affect gross domestic product (GDP). The overall translation results are summarized by comparing the budget surplus or deficit to the NIPA measure of net federal saving.


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