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MAY-01-98 20:01 FROM:OMB
ID:
PAGE
3/4
EFFECT OF CHANGING THE BASE YEAR FOR VOLUME ADJUSTMENT IN S. 1415
TOTAL INDUSTRY BASE PAYMENTS DECREASE $88 BILLION
In Billions of Constant 1999 Dollars
(a)
(b)
(c)
(d)
Adjustment
Adjustment
No
in 2004
in 2004
Column C
Volume
Based on
With 1996
less
Adjustment
Prior Year
Base Year
Column D
1999
24.4
24.4
24.4
2000
15.0
15.0
15.0
2001
16.7
16.7
16.7
2002
19.6
19.6
19.6
2003
21.0
21.0
21.0
2004
21.0
20.9
16.3
-4.6
2005
21.0
20.8
16.3
-4.6
2006
21.0
20.7
16.2
-4.5
2007
21.0
20.7
16.1
-4.5
2008
21.0
20.6
16.1
-4.5
2009
21.0
20.5
16.0
-4.5
2010
21.0
20.4
15.9
-4.5
2011
21.0
20.3
15.9
-4.5
2012
21.0
20.2
15.8
-4.4
2013
21.0
20.2
15.7
-4.4
2014
21.0
20.1
15.7
-4.4
2015
21.0
20.0
15.6
-4.4
2016
21.0
19.9
15.5
-4.4
2017
21.0
19.8
15.5
-4.3
2018
21.0
19.7
15.4
-4.3
2019
21.0
19.6
15.3
-4.3
2020
21.0
19.6
15.3
-4.3
2021
21.0
19.5
15.2
-4.3
2022
21.0
19.4
15.1
-4.3
2023
21.0
19.3
15.1
-4.2
Total 25 Yrs
516.1
498.8
410.6
-88.2
Assumes youth targets met; initial payment in FY 1999; volume adjustment begins in 2004
5/1/98 Mcvolad.xls Vol Adj - Payments
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"ocrText": "MAY-01-98 20:01 FROM:OMB\nID:\nPAGE\n3/4\nEFFECT OF CHANGING THE BASE YEAR FOR VOLUME ADJUSTMENT IN S. 1415\nTOTAL INDUSTRY BASE PAYMENTS DECREASE $88 BILLION\nIn Billions of Constant 1999 Dollars\n(a)\n(b)\n(c)\n(d)\nAdjustment\nAdjustment\nNo\nin 2004\nin 2004\nColumn C\nVolume\nBased on\nWith 1996\nless\nAdjustment\nPrior Year\nBase Year\nColumn D\n1999\n24.4\n24.4\n24.4\n2000\n15.0\n15.0\n15.0\n2001\n16.7\n16.7\n16.7\n2002\n19.6\n19.6\n19.6\n2003\n21.0\n21.0\n21.0\n2004\n21.0\n20.9\n16.3\n-4.6\n2005\n21.0\n20.8\n16.3\n-4.6\n2006\n21.0\n20.7\n16.2\n-4.5\n2007\n21.0\n20.7\n16.1\n-4.5\n2008\n21.0\n20.6\n16.1\n-4.5\n2009\n21.0\n20.5\n16.0\n-4.5\n2010\n21.0\n20.4\n15.9\n-4.5\n2011\n21.0\n20.3\n15.9\n-4.5\n2012\n21.0\n20.2\n15.8\n-4.4\n2013\n21.0\n20.2\n15.7\n-4.4\n2014\n21.0\n20.1\n15.7\n-4.4\n2015\n21.0\n20.0\n15.6\n-4.4\n2016\n21.0\n19.9\n15.5\n-4.4\n2017\n21.0\n19.8\n15.5\n-4.3\n2018\n21.0\n19.7\n15.4\n-4.3\n2019\n21.0\n19.6\n15.3\n-4.3\n2020\n21.0\n19.6\n15.3\n-4.3\n2021\n21.0\n19.5\n15.2\n-4.3\n2022\n21.0\n19.4\n15.1\n-4.3\n2023\n21.0\n19.3\n15.1\n-4.2\nTotal 25 Yrs\n516.1\n498.8\n410.6\n-88.2\nAssumes youth targets met; initial payment in FY 1999; volume adjustment begins in 2004\n5/1/98 Mcvolad.xls Vol Adj - Payments"
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