The federal budget baseline forecast reflects the estimated

C The federal budget baseline is a projection of federal spending, revenues, deficits, and debt assuming no changes to current laws and policies. It serves as a neutral benchmark to compare the fiscal impact of proposed legislation or budget changes. It is typically prepared by the Congressional Budget Office (CBO) and assumes continuation of current tax and spending laws without new legislation. Relevant Reference: Congressional Budget Act of 1974 Congressional Budget Office (CBO) – Baseline Concepts OMB Circular A-11 – Section 80: Baseline Budget Estimates Answer : C. receipts, outlays, and deficit or surplus that would result from continuing current law or policies