[Federal Register Volume 88, Number 38 (Monday, February 27, 2023)]
[Notices]
[Page 12423]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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 https://www.whitehouse.gov/wp-content/uploads/2023/02/Appendix-C.pdf.

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, [email protected].

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