HowCBOAssistsLawmakersApril25,2024Presentationatthe2ndNABO-OECDAnnualConferenceofAsianParliamentaryBudgetOfficialsMarkHadleyChiefOperatingOfficerandGeneralCounselForinformationabouttheKoreanNationalAssemblyBudgetOffice(NABO),seehttps://korea.nabo.go.kr;forinformationabouttheOrganisationforEconomicCo-operationandDevelopment(OECD),seewww.oecd.org.TheCongressionalBudgetOfficeWasEstablishedtoGivetheCongressaStrongerRoleinBudgetMatters1CBO’sRoleTheagencywascreatedbytheCongressionalBudgetandImpoundmentControlActof1974(oftencalledtheBudgetAct),whichalsoestablishedtheHouseandSenateBudgetCommitteesandinstitutedaformalCongressionalbudgetprocess.CBO’schiefresponsibilityundertheBudgetActistohelptheBudgetCommitteeswithmattersundertheirjurisdiction.TheagencyfollowsprocessesthatarespecifiedinstatuteorthatithasdevelopedinconcertwiththosecommitteesandCongressionalleadership.Theagencyprovidesanalysisofbudgetaryandeconomicissuesthatisobjective,nonpartisan,andtimely.Itdoesnotmakepolicyrecommendations.CBO’sworkisavailabletotheCongressandthepublicontheagency’swebsite,www.cbo.gov.2CBO’sOrganization▪BudgetAnalysis▪FinancialAnalysisTheagency’sDirectorisappointedjointlyby▪HealthAnalysistheSpeakeroftheHouseandthePresident▪Labor,IncomeSecurity,andLong-TermprotemporeoftheSenateandhasafour-yearterm.Analysis▪MacroeconomicAnalysi...
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