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Budget Process Reform Principles
Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
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Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
The Peter G. Peterson Foundation was created by Pete Peterson to raise awareness of America’s long-term debt, and how it affects economic growth.
“This new CBO report shows that our national debt will reach a record level over the next decade," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The first important determinant of a country’s fiscal health is its financing costs.
Attitudes about the national debt remained consistently low throughout 2015, as the Fiscal Confidence Index ranged between 45 and 52, demonstrating that even as short-term deficits improved, our long-term fiscal challenges remain a major concern to voters.
https://www.pgpf.org/press-release/2015/12/fci-press-release
The State Budget Crisis Task Force examines fiscal conditions at the state level, particularly after the 2008 global financial crisis.
https://www.pgpf.org/what-we-are-doing/grants/state-budget-crisis-task-force-final-2014-report
Although the need for serious, long-term changes to the funding structure of the Highway Trust Fund is clear, there is disagreement over the approach to do so.
https://www.pgpf.org/budget-basics/budget-explainer-highway-trust-fund
"Committee passage of the Fiscal Commission Act is an important step toward a comprehensive approach to stabilizing our rapidly growing national debt," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
As we enter a new year, the Peter G. Peterson Foundation’s January Fiscal Confidence Index is 52 (100 is neutral), indicating voters’ ongoing concern about America's fiscal future.
https://www.pgpf.org/press-release/2015/01/fci-press-release