PAYGO Report: Budget Balanced, No Drama Cuts This Time
Published Date: 1/30/2025
Notice
Summary
The 2024 PAYGO report shows no new budget problems for 2025, so no automatic spending cuts are needed. This affects lawmakers and the budget watchdogs who track government spending and revenue. The report covers laws passed in 2024 and confirms the budget stays balanced thanks to recent relief laws.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
No PAYGO Sequestration for 2025
The Office of Management and Budget reports that for the budget year (fiscal year 2025) there is no debit on the 5-year or 10-year PAYGO scorecards, so a sequestration order under the PAYGO Act is not required. The report covers laws enacted between January 3, 2024 (noon) and January 3, 2025 (11:57 a.m.) and notes that the American Relief Act, 2025 (Public Law 118-158) set the balances on both scorecards to zero.
IRS Funding Rescinded, Revenue Down
Division A of Public Law 118-47 included a rescission of $20.2 billion of funding for Internal Revenue Service enforcement and compliance activities. The report states that this rescission is estimated to result in decreases to revenue collections and that the resulting decrease is excluded from the PAYGO estimate under statutory scoring rules.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-19160, Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 16, 17, and 35
The government is shaking up how it buys stuff by simplifying key contract rules in parts 16, 17, and 35 of the Federal Acquisition Regulation. This change affects federal agencies and contractors, aiming to cut red tape and save taxpayer money. Comments on the proposed changes are open until October 19, 2026, so get ready to weigh in!
2026-20270, Information Collection; Presolicitation Notice and Response
The government wants to keep collecting info about presolicitation notices, which help agencies plan buying stuff. They’re asking the public to share thoughts on how useful this info is and how to make it easier to provide. This extension would last three more years, with comments due by December 1, 2026, but no new costs are expected.
2026-20271, Information Collection; Federal Acquisition Regulation Part 11 Requirements
The government agencies in charge of buying stuff (like DoD, NASA, and GSA) want to keep collecting info under a rule called FAR Part 11 for three more years. They’re asking the public to share thoughts by December 1, 2026, on how to make this info collection easier and more useful. This won’t cost extra money but helps keep government buying smooth and clear.
2026-20128, Submission for OMB Review; Preaward Survey Forms (Standard Forms 1403, 1404, 1405, 1406, 1407, and 1408)
The government is asking to keep using six preaward survey forms that help check if contractors can do the job before signing a contract. This affects contractors and contracting officers who need to prove financial strength, reliability, and ability to deliver on time. Comments on this request are open until November 2, 2026, with no new costs expected.
2026-20127, Submission for OMB Review; Acquisition 360 Voluntary Survey
The government is asking for approval to keep using the Acquisition 360 Voluntary Survey, which lets companies give feedback on how the government handles contract talks and debriefings. This survey helps agencies improve how they work with vendors before awarding contracts. If you’re a business interested in government contracts, your input matters! Comments on this plan are open until November 2, 2026, and there’s no cost to participate.
2026-20126, Submission for OMB Review; Certain Federal Acquisition Regulation Part 28 Requirements
If you’re a contractor working with the federal government, you’ll want to know that some paperwork rules about bonds and payment protections are up for review and extension. These rules help make sure contractors provide the right guarantees on projects, especially construction ones over $35,000. Comments on these rules are open until November 2, 2026, so get ready to weigh in if this affects you!
Previous / Next Documents
Previous: 2025-01936, Proposed Collection; Comment Request; Extension: Rule 0-2, Form ADV-NR
The SEC wants to keep using Rule 0-2 and Form ADV-NR, which help them track and take action against investment advisers who live outside the U.S. but do business here. About 41 non-resident partners or agents file this form yearly, spending about an hour each, with no extra costs. The SEC is asking for public comments before extending this paperwork requirement.
Next: 2025-01939, Petition of Enbridge Inc. To Reopen and Set Aside Order
Enbridge Inc. wants the Federal Trade Commission to reopen and cancel a 2017 order about its ownership in competing natural gas pipelines because things have changed since then. This could affect pipeline competition and business rules, with public comments open until March 3, 2025. The FTC will decide within 120 days whether to change the order, which might impact how Enbridge operates and possibly save or cost money.