Circular No. A-94 - Appendix C (DISCOUNT RATES FOR COST-EF...

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APPENDIX C

(Revised January 200

DISCOUNT RATES FOR COST-EFFECTIVE]

AND RELATED ANAL'

Effective Dates. This appendix is updated annually

President's budget submission to Congress. This vej

through the end of January 2006. A copy of the upd

in electronic form through the OMB home page at

http://www.whitehouse.gov/omb/circulars/a094/a9z

main body of the Circular is found at

http://www.whitehouse.gov/omb/cii-culars/aO94/aOc

years' rates is located at

http://www.whitehouse.gov/omb/circulars/a094/dis,

appendix are also available upon request from OMI

(202-395-3381).

Nominal Discount Rates. A forecast of nominal or

based on the economic assumptions from the 20061

These nominal rates are to be used for discounting i

encountered in lease-purchase analysis.

Nominal Interest Rates on Treasury

of Specified Maturities (in I

3-Year 5-Year 7-Year

3.7 4.1 4.4

Real Discount Rates. A forecast of real interest rat

premium has been removed and based on the econo

2006 Budget is presented below. These real rates ar

real (constant-dollar) flows, as is often required in c

Real Interest Rates on Treasury N

of Specified Maturities (in ]

1 of 2 6/8/2005 5:31 PM

 EE-RM/STD-00-550 COMMENT 86

Circular No. A-94 - Appendix C (DISCOUNT RATES FOR COST -EF... 

lof2 

About OMB 

.. Organization Chart 

.. Contact OMB 

President's Budget 

.. Budget Documents 

.. Supplementals, Budget 

Amendments, and Releases 

Federal Management 

.. President's Management 

Agenda 

.. Office of Federal Financial 

Management 

-- Agency Audits 

.. Office of Federal Procurement 

Policy 

-- CAS Board 

-- FAIR Act Inventory 

Office of Information and 

Regulatory Affairs 

.. OIRA Administrator 

.. Regulatory Matters 

.. Paperwork Requirements 

III Statistical Programs & Standards 

III Information Policy, IT & E-Gov 

Communications &. Media 

.. News Releases 

III Speeches 

legislative Information 

III Statements of Administration 

Policy (SAPs) 

.. Testimony 

.. Reports to Congress 

Information for Agencies 

III Circulars 

.. Memoranda 

III Bulletins 

.. Privacy Guidance 

III Grants Management 

Wednesday, June 8, 2005 

APPENDIXC 

(Revised January 200 

DISCOUNT RATES FOR COST-EFFECTIVEl 

AND RELATED ANAL' 

Effective Dates. This appendix is updated annually 

President's budget submission to Congress. This vel 

through the end of January 2006. A copy ofthe upd 

in electronic form through the OMB home page at 

http://www . whitehouse.gov / omb/ circulars/a094/a9L 

main body of the Circular is found at 

http://www.whitehouse.gov/omb/circulars/a094/a05 

years' rates is located at 

http://www . whitehouse.gov / omb/ circulars/ a094/ dis, 

appendix are also available upon request from OMI 

(202-395-3381 ). 

Nominal Discount Rates. A forecast of nominal or 

based on the economic assumptions from the 2006 J 

These nominal rates are to be used for discounting 1 

encountered in lease-purchase analysis. 

Nominal Interest Rates on Treasury 

of Specified Maturities (in I 

3-Year 

3.7 

5-Year 

4.1 

7-Year 

4.4 

1 

Real Discount Rates. A forecast of real interest rat 

premium has been removed and based on the econo 

2006 Budget is presented below. These real rates ar 

real (constant-dollar) flows, as is often required in c 

Real Interest Rates on Treasury N 

of Specified Maturities (in I 

6/8/2005 5:31 PM 
Circular No. A-94 - Appendix C (DISCOUNT RATES FOR COST-EF...

m Reports

Site Map 3-Year 5-Year 7-Year 10-Year 30-Year

1.7 2.0 2.3 2.5 3.1

Analyses of programs with terms different from those presented above may use a

linear interpolation. For example, a four-year project can be evaluated with a rate

equal to the average of the three-year and five-year rates. Programs with durations

longer than 30 years may use the 30-year interest rate.

Table of Past Years Discount Rates from Appendix C of OMB Circular No.

A-94

Memorandum M-05-07, 2004 Discount Rates for OMB Circular No. A-94

Other Documents

Text of OMB Circular No. A-94 in HTML or PDF (269k)

Top of Page

Federal Register I Jobs at OMB I FOIA I OMB Locator I Text only

Accessibility I Privacy Policy I Site Search I Help

2 of 2 6/8/2005 5:31 PM

 EE-RM/STD-00-550 COMMENT 86

Circular No. A-94 - Appendix C (DISCOUNT RATES FOR COST-EF.. . 

.. Reports 

Site Map 

20f2 

3-Year 

1.7 

5-Year 

2.0 

7-Year 

2.3 

10-Year 

2.5 

30-Year 

3.1 

Analyses of programs with terms different from those presented above may use a 

linear interpolation. For example, a four-year project can be evaluated with a rate 

equal to the average of the three-year and five-year rates. Programs with durations 

longer than 30 years may use the 30-year interest rate. 

Other Documents 

Text of OMB Circular No. A-94 in HTML or PDF (269k) ~ 

Table of Past Years Discount Rates from Appendix C of OMB Circular No. 

A-94 

Memorandum M-05-07, 2004 Discount Rates for OMB Circular No. A-94 

Top of Page 

Federal Register I Jobs at OMB I ForA 10MB Locator I Text only 

Accessibility I Privacy Policy I Site Search I Help 

6/8/20055:31 PM