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Federal Register Notice, Revisions to Appendix C of OMB Circular A-94

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Discount Rates for Cost-Effectiveness Analysis of Federal Programs

AGENCY: Office of Management and Budget

ACTION: Revisions to Appendix C of OMB Circular A-94

SUMMARY: The Office of Management and Budget revised Circular A-94 in 1992. The revised Circular 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 discount rates are found in Appendix C of the revised Circular. The updated discount rates are shown below. The discount rates in Appendix C are to be used for cost-effectiveness analysis, including lease-purchase analysis, as specified in the revised Circular. They do not apply to regulatory analysis.

DATES: The revised discount rates are effective immediately and will be in effect through January 2004.

FOR FURTHER INFORMATION CONTACT: Robert B. Anderson, Office of Economic Policy, Office of Management and Budget, (202) 395-3381.

James D. Foster
Associate Director for Economic Policy
Office of Management and Budget