Country

Formal Reporting Obligations

Most Recent Report Title

Responsibility for Preparation and Release

First/Most Recent Release

Level of Analysis

Most Recent Time Horizon

Frequency Produced

United States

NA

Analytical Perspectives (Long-run budget outlook)

OMB

1997 / 2008

Central governmentg

75 years

Annually

United States

NA

Long-term Budget Outlook

CBO

1991 / 2007

Central government

75 years

Every 2 years

United States

NA

Long-term Fiscal Outlook

GAO

1992 / 2008

Central government

75 years

3 times / year

NOTE: NA = not applicable.

aDenmark, Germany, Norway, Sweden, and UK: fiscal projections also prepared for an infinite time period.

bKorea: Ministry of Planning and Budget was merged into the Ministry of Strategy and Finance in 2007.

cNetherlands: time horizon spans until 2100 though report also separately discusses policies until 2040.

dNew Zealand: legal obligations were first required under the Fiscal Responsibility Act, 1994, and subsequently integrated into the Public Finance Act, 1989, as amended in 2004.

eNew Zealand: in 1993 and 1996 as pre-election report spanning approximately 50 years; since 2000 integrated in budget for 10 years; since 2006 as a standalone report for 40 years.

fNorway: since 1954 the Cabinet’s “Long-term Programme” showed the Cabinet’s policies for the next 4 years. These are considered medium-term budget estimates in this report.

gUnited States: 5-year budget projections prepared during the 1970s and 1980s were labeled “long-term” projections. These are considered medium-term budget estimates in this report.

SOURCE: Anderson and Shepherd (2010).



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