Preliminary CBO Estimate of the Direct Spending Effects of S. 2124, the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014, as Reported by the Senate Foreign Relations Committee on March 12, 2014   [open pdf - 204KB]

This CBO (Congressional Budget Office) preliminary estimate provides a table of "Changes in Direct Spending" (in millions of dollars) under conditions of loan guarantees for Ukraine, quota increase for the IMF [International Monetary Fund], NAB [New Arrangements to Borrow] Rescission for the IMF, rescissions from the State Department and related agencies accounts, rescissions from Department of Defense procurement accounts, and sanctions provisions. The document also provides the following notes: "[a.] In addition to the direct spending effects shown in the table above, CBO estimates that S. 2124 would increase revenues by less than $500,000 over the 2014-2024 period. [b.] CBO estimated the budgetary effects of the quota increase for the IMF on a present value basis. [c.] CBO estimated the budgetary effects of rescinding NAB funding for the IMF on a fair value basis. Funding for the NAB was provided by P.L. [Public Law] 111-32 and was designated as an emergency requirement pursuant to sections 403(a) and 423(b) of S. Con. Res 13 (111th Congress), the concurrent resolution on the budget for fiscal year 2010."

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