Discount Rates for Cost-Effectiveness Analysis of Federal Programs
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Abstract
The Office of Management and Budget (OMB) revised Circular No. A-94 in 1992. With that action, OMB specified certain discount rates to be updated annually when the interest rate and inflation assumptions used to prepare the Budget of the United States Government were changed. These updated discount rates are found in Appendix C of the Circular and are to be used for cost-effectiveness analysis, including lease-purchase analysis, as specified in the revised Circular. These rates do not apply to regulatory analysis. The revised Circular can be accessed at https://www.whitehouse.gov/ wp-content/uploads/2023/02/Appendix-C.pdf.
Full Text
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<title>Federal Register, Volume 88 Issue 38 (Monday, February 27, 2023)</title>
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[Federal Register Volume 88, Number 38 (Monday, February 27, 2023)]
[Notices]
[Page 12423]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-03920]
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OFFICE OF MANAGEMENT AND BUDGET
Discount Rates for Cost-Effectiveness Analysis of Federal
Programs
AGENCY: Office of Management and Budget.
ACTION: Revisions to Appendix C of OMB Circular No. A-94.
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SUMMARY: The Office of Management and Budget (OMB) revised Circular No.
A-94 in 1992. With that action, OMB specified certain discount rates to
be updated annually when the interest rate and inflation assumptions
used to prepare the Budget of the United States Government were
changed. These updated discount rates are found in Appendix C of the
Circular and are to be used for cost-effectiveness analysis, including
lease-purchase analysis, as specified in the revised Circular. These
rates do not apply to regulatory analysis.
The revised Circular can be accessed at <a href="https://www.whitehouse.gov/wp-content/uploads/2023/02/Appendix-C.pdf">https://www.whitehouse.gov/wp-content/uploads/2023/02/Appendix-C.pdf</a>.
DATES: The revised discount rates will be in effect through December
2023.
FOR FURTHER INFORMATION CONTACT: Jamie Taber, Office of Economic
Policy, Office of Management and Budget, 202-395-2515, <a href="/cdn-cgi/l/email-protection#75144c41351a18175b101a055b121a03"><span class="__cf_email__" data-cfemail="9afba3aedaf5f7f8b4fff5eab4fdf5ec">[email protected]</span></a>.
Zachary Liscow,
Associate Director for Economic Policy, Office of Management and
Budget.
[FR Doc. 2023-03920 Filed 2-24-23; 8:45 am]
BILLING CODE 3110-01-P
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