Forecasts of Selected Variables: February 20, 2026
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@            Actual and Forecast Values for Selected Variables                
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@ Real GDP and its Endogenous Components                                      
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PRINTVAR FIXEDF LEVELS PCHANGES GDPR CS CN CD IHH IKF IM;                     
 
          GDPR        GDPR        CS          CS          CN          CN      
         Level      %Change      Level      %Change      Level      %Change 
2019.1  5107.92500     2.52343  2334.72500     0.42085   728.72500     3.53415
2019.2  5150.57500     3.38197  2345.30000     1.82412   736.97500     4.60594
2019.3  5210.82500     4.76183  2368.65000     4.04230   744.10000     3.92360
2019.4  5246.37500     2.75699  2387.55000     3.23010   744.77500     0.36335
2020.1  5177.30000    -5.16339  2333.57500    -8.74070   755.00000     5.60572
2020.2  4769.52500   -27.97435  2062.70000   -38.95400   731.52500   -11.86896
2020.3  5139.75000    34.85513  2228.20000    36.16717   780.95000    29.89015
2020.4  5198.00000     4.61094  2267.90000     7.31957   784.32500     1.73990
2021.1  5270.55000     5.70089  2297.85000     5.38798   804.65000    10.77553
2021.2  5360.22500     6.98141  2374.47500    14.02070   834.07500    15.44958
2021.3  5404.45000     3.34130  2433.65000    10.34739   835.65000     0.75747
2021.4  5497.17500     7.04151  2458.02500     4.06692   840.00000     2.09853
2022.1  5483.20000    -1.01301  2467.75000     1.59199   833.60000    -3.01297
2022.2  5491.77500     0.62702  2499.70000     5.28025   833.75000     0.07200
2022.3  5531.40000     2.91752  2525.32500     4.16398   827.52500    -2.95323
2022.4  5569.60000     2.79116  2539.97500     2.34076   825.65000    -0.90324
2023.1  5609.90000     2.92585  2560.00000     3.19106   829.32500     1.79234
2023.2  5645.15000     2.53720  2572.85000     2.02298   830.55000     0.59215
2023.3  5710.25000     4.69322  2588.45000     2.44747   837.35000     3.31538
2023.4  5758.45000     3.41938  2610.47500     3.44727   844.02500     3.22696
2024.1  5770.52500     0.84141  2631.07500     3.19407   840.70000    -1.56650
2024.2  5821.60000     3.58769  2651.67500     3.16877   849.50000     4.25319
2024.3  5869.65000     3.34260  2671.27500     2.98956   859.55000     4.81684
2024.4  5896.62500     1.85098  2688.02500     2.53186   867.55000     3.77518
2025.1  5887.05000    -0.64794  2693.40000     0.80225   872.22500     2.17298
2025.2  5942.75000     3.83863  2710.57500     2.57518   876.97500     2.19620
2025.3  6006.70000     4.37438  2734.92500     3.64204   885.30000     3.85156
2025.4  6027.97500     1.42430  2758.17500     3.44407   886.12500     0.37328

2026.1  6075.62270     3.19946  2775.00032     2.46248   889.58664     1.57178
2026.2  6110.90834     2.34341  2790.21717     2.21153   893.55523     1.79644
2026.3  6142.45694     2.08112  2805.61884     2.22630   897.67771     1.85824
2026.4  6170.66850     1.84985  2821.60101     2.29814   901.90848     1.89857
2027.1  6198.60827     1.82347  2838.04266     2.35128   906.23354     1.93202
2027.2  6228.82817     1.96442  2854.87240     2.39320   910.65345     1.96521
2027.3  6261.43844     2.11065  2872.12832     2.43976   915.17927     2.00282
2027.4  6296.14285     2.23552  2889.84622     2.49049   919.82106     2.04428
2028.1  6332.68613     2.34192  2908.02071     2.53947   924.58346     2.08715
2028.2  6370.74683     2.42584  2926.63000     2.58439   929.46728     2.12967
2028.3  6410.05891     2.49123  2945.65458     2.62567   934.47164     2.17110
2028.4  6450.42819     2.54302  2965.07437     2.66327   939.59467     2.21101
2029.1  6491.72811     2.58577  2984.86598     2.69682   944.83350     2.24898
2029.2  6533.87748     2.62252  3005.00540     2.72631   950.18453     2.28470
2029.3  6576.81989     2.65494  3025.47082     2.75213   955.64379     2.31807
2029.4  6620.51547     2.68415  3046.24318     2.77474   961.20724     2.34909
 
          CD          CD          IHH         IHH         IKF         IKF     
         Level      %Change      Level      %Change      Level      %Change 
2019.1   376.35000    -3.50809   152.19456    -7.53528   591.91955     1.49322
2019.2   387.30000    12.15595   155.44283     8.81437   601.22650     6.43923
2019.3   396.42500     9.76254   158.05079     6.88185   605.85100     3.11239
2019.4   399.65000     3.29401   158.64430     1.51056   602.13723    -2.42949
2020.1   383.67500   -15.05560   164.12893    14.56255   594.02696    -5.27978
2020.2   382.65000    -1.06434   151.72689   -26.96859   546.79156   -28.21022
2020.3   452.82500    96.11676   171.85496    64.58796   566.13478    14.91908
2020.4   455.90000     2.74407   184.14438    31.82131   583.59695    12.92048
2021.1   487.40000    30.63626   188.52543     9.86159   597.83319    10.12046
2021.2   506.95000    17.03571   186.89575    -3.41316   614.07253    11.31626
2021.3   473.87500   -23.65252   185.91737    -2.07757   615.75661     1.10151
2021.4   481.07500     6.21747   186.72507     1.74911   624.68739     5.92894
2022.1   481.02500    -0.04157   184.63313    -4.40657   644.89870    13.58345
2022.2   479.47500    -1.28270   178.80935   -12.03249   658.95259     9.00606
2022.3   477.65000    -1.51383   166.10651   -25.52924   669.97316     6.85945
2022.4   471.82500    -4.78954   155.36657   -23.46085   681.76156     7.22608
2023.1   491.77500    18.01630   153.07402    -5.77294   694.50937     7.69174
2023.2   491.85000     0.06102   154.31810     3.29077   711.70082    10.27509
2023.3   499.45000     6.32548   156.85319     6.73478   713.43821     0.98006
2023.4   499.72500     0.22042   158.11270     3.25086   722.59723     5.23488
2024.1   498.57500    -0.91733   163.39638    14.05195   723.49243     0.49646
2024.2   507.95000     7.73625   162.45504    -2.28460   727.36787     2.15991
2024.3   518.50000     8.57034   160.54670    -4.61660   733.09046     3.18434
2024.4   534.60000    13.01101   162.61735     5.25967   722.65197    -5.57511
2025.1   530.02500    -3.37943   161.70138    -2.23410   737.10566     8.24360
2025.2   533.05000     2.30253   159.79511    -4.63281   749.25070     6.75535
2025.3   535.10000     1.54721   157.52692    -5.55798   754.51606     2.84077
2025.4   533.92500    -0.87545   156.90861    -1.56084   761.43147     3.71685

2026.1   538.53735     3.50046   160.08150     8.33717   772.91057     6.16801
2026.2   543.24569     3.54327   162.71897     6.75500   789.55190     8.89445
2026.3   548.15674     3.66541   164.55934     4.60138   800.16222     5.48469
2026.4   553.34585     3.84069   166.30878     4.32072   804.72129     2.29862
2027.1   558.81031     4.00902   168.33732     4.96897   808.53392     1.90864
2027.2   564.54762     4.17048   170.58617     5.45170   811.68410     1.56760
2027.3   570.57452     4.33913   172.96062     5.68508   814.76406     1.52647
2027.4   576.90963     4.51573   175.45270     5.88912   817.97356     1.58501
2028.1   583.56327     4.69372   178.06518     6.09031   821.49956     1.73544
2028.2   590.54009     4.86867   180.77093     6.21807   825.42996     1.92754
2028.3   597.84317     5.03923   183.53863     6.26630   829.74359     2.10682
2028.4   605.47463     5.20460   186.35124     6.27208   834.40210     2.26474
2029.1   613.43515     5.36365   189.20088     6.25845   839.36998     2.40288
2029.2   621.72406     5.51545   192.08102     6.22952   844.61466     2.52286
2029.3   630.34006     5.65959   194.98574     6.18755   850.11054     2.62830
2029.4   639.28159     5.79598   197.91109     6.13755   855.83814     2.72235
 
          IM          IM      
         Level      %Change 
2019.1   773.57500    -0.24524
2019.2   777.85000     2.22891
2019.3   774.47500    -1.72429
2019.4   759.95000    -7.29344
2020.1   732.87500   -13.50728
2020.2   608.97500   -52.32637
2020.3   709.40000    84.14795
2020.4   762.35000    33.36838
2021.1   776.77500     7.78624
2021.2   793.60000     8.94961
2021.3   806.37500     6.59617
2021.4   846.77500    21.59729
2022.1   871.10000    11.99534
2022.2   886.17500     7.10406
2022.3   873.00000    -5.81559
2022.4   866.15000    -3.10185
2023.1   863.92500    -1.02358
2023.2   859.35000    -2.10147
2023.3   865.72500     3.00054
2023.4   877.20000     5.40826
2024.1   891.95000     6.89750
2024.2   910.05000     8.36748
2024.3   932.32500    10.15604
2024.4   931.87500    -0.19293
2025.1  1010.07500    38.03329
2025.2   926.32500   -29.26424
2025.3   916.07500    -4.35317
2025.4   913.00000    -1.33594

2026.1   929.93520     7.62859
2026.2   944.26184     6.30630
2026.3   956.19281     5.15069
2026.4   966.00503     4.16832
2027.1   974.18002     3.42829
2027.2   981.24982     2.93463
2027.3   987.64109     2.63092
2027.4   993.67409     2.46588
2028.1   999.56990     2.39455
2028.2  1005.46999     2.38204
2028.3  1011.46585     2.40671
2028.4  1017.61375     2.45354
2029.1  1023.94609     2.51242
2029.2  1030.48208     2.57780
2029.3  1037.23290     2.64631
2029.4  1044.20418     2.71564
PRINTVAR FIXEDF LEVELS IVF;                                                   
 
          IVF     
         Level  
2019.1    28.57500
2019.2    20.62500
2019.3    16.87500
2019.4     6.32500
2020.1    -9.97500
2020.2   -65.35000
2020.3    29.00000
2020.4    22.35000
2021.1    -2.57500
2021.2   -30.20000
2021.3     4.20000
2021.4    51.97500
2022.1    56.85000
2022.2    28.60000
2022.3    19.92500
2022.4    40.15000
2023.1    10.87500
2023.2     4.25000
2023.3    16.87500
2023.4    15.47500
2024.1     3.10000
2024.2    18.77500
2024.3    17.35000
2024.4     4.27500
2025.1    43.00000
2025.2    -4.57500
2025.3    -5.97500
2025.4    -3.40000

2026.1    15.71699
2026.2    16.21198
2026.3    16.83067
2026.4    17.13846
2027.1    15.14480
2027.2    13.98159
2027.3    13.62210
2027.4    13.83395
2028.1    14.38345
2028.2    15.04596
2028.3    15.71652
2028.4    16.33229
2029.1    16.86784
2029.2    17.32837
2029.3    17.72710
2029.4    18.07760
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@ Prices and Wages                                                            
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PRINTVAR FIXEDF PCHANGES GDPD PF WF WR ;                                      
 
          GDPD        PF          WF          WR      
        %Change     %Change     %Change     %Change 
2019.1     1.20202     1.20664     8.42987     7.13711
2019.2     2.08535     2.33836     1.47466    -0.84397
2019.3     1.27905     1.01197     1.56931     0.55176
2019.4     1.25051     1.10124     6.81021     5.64678
2020.1     1.98797     1.06213    11.31937    10.14944
2020.2    -1.58194    -2.08805    35.17222    38.05488
2020.3     3.71195     3.49463    -4.93286    -8.14293
2020.4     2.51476     2.51932     3.40786     0.86670
2021.1     5.47376     5.13304    -0.41512    -5.27728
2021.2     6.09406     5.71515     9.25863     3.35192
2021.3     6.44860     6.79890     4.26367    -2.37384
2021.4     6.90742     8.09832     3.87969    -3.90259
2022.1     8.32678     8.42573    -0.36885    -8.11115
2022.2     9.34704     9.81083     2.25526    -6.88053
2022.3     4.50292     4.45588     8.75935     4.11989
2022.4     3.86225     3.63517     0.92767    -2.61252
2023.1     3.79554     3.67661     4.80953     1.09274
2023.2     2.09879     2.19540     5.62593     3.35684
2023.3     3.30691     3.33005     5.33992     1.94510
2023.4     1.60065     1.77404     4.76026     2.93417
2024.1     3.18285     3.10237     5.49052     2.31630
2024.2     2.57545     2.60284     4.14914     1.50708
2024.3     1.70165     1.48658     3.45735     1.94191
2024.4     2.42291     1.92693     4.86656     2.88406
2025.1     3.60941     3.91556     4.13735     0.21343
2025.2     2.43006     1.17374     0.98512    -0.18643
2025.3     3.82822     3.68701     2.97319    -0.68844
2025.4     3.57011     3.16954     3.31008     0.13623

2026.1     3.58890     3.55562     5.38723     1.76872
2026.2     3.71108     3.65453     5.46108     1.74286
2026.3     3.69587     3.62120     5.40901     1.72534
2026.4     3.61384     3.50889     5.28232     1.71331
2027.1     3.47916     3.36134     5.12305     1.70442
2027.2     3.33357     3.21667     4.96772     1.69649
2027.3     3.20474     3.09332     4.83396     1.68840
2027.4     3.10221     2.99664     4.72674     1.67977
2028.1     3.02531     2.92571     4.64512     1.67053
2028.2     2.97027     2.87661     4.58521     1.66082
2028.3     2.93245     2.84457     4.54236     1.65083
2028.4     2.90755     2.82517     4.51227     1.64075
2029.1     2.89192     2.81480     4.49142     1.63072
2029.2     2.88273     2.81072     4.47715     1.62087
2029.3     2.87792     2.81095     4.46750     1.61126
2029.4     2.87610     2.81407     4.46110     1.60195
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@ Interest Rates and Money                                                    
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PRINTVAR FIXEDF LEVELS RS RB RM M1 PCM1 ;                                     
 
          RS          RB          RM          M1          PCM1    
         Level       Level       Level       Level       Level  
2019.1     2.38667     3.83000     4.36667  4213.76900    -3.97945
2019.2     2.30000     3.59333     4.00333  4313.10900     9.76878
2019.3     1.98000     3.10000     3.66667  4437.19100    12.01360
2019.4     1.57667     3.02667     3.70333  4528.08300     8.44887
2020.1     1.11000     2.91333     3.51333  5362.08700    96.64274
2020.2     0.14333     2.45667     3.23333  6092.16400    66.62913
2020.3     0.11333     2.23333     2.95000  6316.55000    15.56689
2020.4     0.09333     2.30333     2.76000  7491.12900    97.81961
2021.1     0.05000     2.73000     2.87667  8011.44900    30.81429
2021.2     0.02667     2.88333     3.00000  8426.01000    22.36116
2021.3     0.04667     2.55000     2.87000  8804.19400    19.19843
2021.4     0.05333     2.64667     3.08000  9035.69700    10.94002
2022.1     0.30667     3.20333     3.79333  9285.19000    11.51070
2022.2     1.07667     4.04333     5.24333  9522.79400    10.63547
2022.3     2.66333     4.24000     5.58000  9578.51600     2.36120
2022.4     4.04000     4.81000     6.69000  9377.59500    -8.13016
2023.1     4.62667     4.52000     6.35667  9360.04900    -0.74632
2023.2     5.07333     4.59667     6.49333  9300.81400    -2.50747
2023.3     5.29000     4.91333     7.03667  9141.98500    -6.65777
2023.4     5.28333     5.21000     7.29333  9132.59100    -0.41039
2024.1     5.23333     4.97000     6.74667  9460.52300    15.15546
2024.2     5.24333     5.22000     6.99000  9403.23400    -2.40032
2024.3     4.99000     4.89000     6.51000  9544.95000     6.16605
2024.4     4.40000     5.09667     6.65333  9705.49800     6.89974
2025.1     4.21000     5.35667     6.81667  9945.87200    10.28087
2025.2     4.23000     5.48333     6.79000 10168.57900     9.26212
2025.3     4.09667     5.33667     6.55333 10228.12500     2.36301
2025.4     3.73000     5.23333     6.22667 10336.34756     4.30000

2026.1     3.96027     5.37934     6.37979 10432.97315     3.79201
2026.2     4.30419     5.56703     6.62240 10530.46205     3.79044
2026.3     4.43033     5.69125     6.79215 10627.86494     3.75150
2026.4     4.43315     5.77916     6.89300 10724.72728     3.69574
2027.1     4.43834     5.86434     6.97618 10819.83130     3.59456
2027.2     4.45469     5.94686     7.05462 10912.81287     3.48201
2027.3     4.45954     6.01976     7.12124 11004.15183     3.39022
2027.4     4.45549     6.08437     7.17594 11094.52734     3.32583
2028.1     4.45468     6.14478     7.22433 11184.50045     3.28355
2028.2     4.46041     6.20241     7.26962 11274.52449     3.25868
2028.3     4.47020     6.25706     7.31212 11364.97699     3.24792
2028.4     4.48256     6.30887     7.35192 11456.15306     3.24784
2029.1     4.49761     6.35835     7.38963 11548.26255     3.25507
2029.2     4.51533     6.40589     7.42583 11641.44917     3.26701
2029.3     4.53525     6.45170     7.46084 11735.81287     3.28197
2029.4     4.55696     6.49599     7.49487 11831.42392     3.29882
@                                                                             
@ Unemployment Rate and Unemployment                                          
@                                                                             
PRINTVAR FIXEDF LEVELS UR100 U;                                               
 
          UR100       U       
         Level       Level  
2019.1     3.85886     6.35478
2019.2     3.66019     6.02633
2019.3     3.62517     6.00787
2019.4     3.57608     5.95562
2020.1     3.84374     6.39703
2020.2    13.01104    20.91569
2020.3     8.82050    14.38658
2020.4     6.75832    11.06101
2021.1     6.26784    10.24331
2021.2     5.92105     9.72380
2021.3     5.09910     8.40905
2021.4     4.21625     6.98508
2022.1     3.86008     6.40819
2022.2     3.66650     6.09440
2022.3     3.55360     5.92124
2022.4     3.59400     5.99962
2023.1     3.53156     5.92627
2023.2     3.56149     5.99527
2023.3     3.67703     6.21770
2023.4     3.78211     6.40323
2024.1     3.82820     6.49134
2024.2     3.98288     6.76787
2024.3     4.17017     7.11344
2024.4     4.16393     7.09937
2025.1     4.12307     7.03367
2025.2     4.19143     7.15233
2025.3     4.34348     7.41900
2025.4     4.46644     7.65900

2026.1     4.33995     7.44530
2026.2     4.26621     7.32424
2026.3     4.24402     7.29318
2026.4     4.26833     7.34312
2027.1     4.32205     7.44450
2027.2     4.38421     7.56120
2027.3     4.44205     7.67118
2027.4     4.48957     7.76408
2028.1     4.52470     7.83628
2028.2     4.54793     7.88855
2028.3     4.56091     7.92373
2028.4     4.56564     7.94519
2029.1     4.56394     7.95604
2029.2     4.55730     7.95881
2029.3     4.54687     7.95541
2029.4     4.53349     7.94729
@                                                                             
@ Labor Force and Employment                                                  
@                                                                             
PRINTVAR FIXEDF PCHANGES L1 L2 L3 LM JF E;                                    
 
          L1          L2          L3          LM          JF          E       
        %Change     %Change     %Change     %Change     %Change     %Change 
2019.1     2.48708     0.25535     1.96622   -17.37607     0.82773     1.56008
2019.2    -1.49155    -0.24049     1.39443    12.92182     1.12408     0.73548
2019.3     0.67093     1.92928     5.08500   -32.48170     1.48915     2.77693
2019.4     1.54900     4.20397     0.56876   -26.44058     1.08602     2.16692
2020.1    -0.02306    -0.23741    -0.52622   -45.74261    -3.73041    -1.36257
2020.2    -8.54784   -11.55664   -18.11608   329.46698   -40.15596   -41.50615
2020.3     3.19091     2.85790    11.32491   -50.85393    26.68825    27.66077
2020.4     0.41188     0.34731     3.18019   -81.28416     7.06231    10.78973
2021.1     0.18082     1.28532    -2.75422    71.11160     2.86622     1.51439
2021.2     2.04800     1.20201     2.47328    94.02860     5.49936     3.45455
2021.3     1.91633     1.40939     1.68393    21.18414     6.17046     5.25079
2021.4     0.80366     2.29465     2.37470   -18.32598     5.74769     5.61534
2022.1     0.35187     2.41076    -0.10100    73.95879     4.50093     2.28181
2022.2     0.63668     1.38928    -0.47305    65.56784     3.18620     1.25755
2022.3     0.23641     1.86442     0.93766    59.47587     3.13571     1.43998
2022.4     0.67408    -0.87746     2.08259    38.88071     1.96662     0.54960
2023.1     1.28774     1.84925     2.98143    -5.70387     1.82767     2.32698
2023.2     1.58703     3.63064    -1.00217     2.09589     0.94332     1.11048
2023.3     1.68427     0.23837     3.23331     4.77557     1.25899     1.32595
2023.4    -0.14658     0.28663     1.22615    42.93345     1.35541     0.04361
2024.1     1.21267     3.18816    -2.02954    31.16341     1.47529     0.40921
2024.2     0.78966     2.27299    -0.30745    16.59696     0.82684     0.18833
2024.3     1.93249     1.94261     0.83179     8.87397     1.02081     0.75391
2024.4    -1.26074    -1.35231     1.81503    14.93795     0.35363    -0.16509
2025.1     1.00991     0.70565    -0.90973    20.59361     1.41621     0.39257
2025.2     1.24205     0.47642    -1.24106    15.88615     0.73698    -0.16812
2025.3     1.15820     1.06063    -0.90207     9.51352     0.34878    -0.24494
2025.4     0.87715     1.98470     1.88823   -17.81131     0.37492     1.05177

2026.1     0.15171    -0.38098     0.65268    -1.55934     0.66032     0.69820
2026.2     0.21703    -0.13522     0.73046    -0.95759     0.59483     0.60233
2026.3     0.26694     0.04431     0.77999    -0.67165     0.47615     0.47644
2026.4     0.30323     0.16825     0.80321    -0.64866     0.33038     0.34096
2027.1     0.33021     0.25458     0.80880    -0.77737     0.22983     0.25576
2027.2     0.35268     0.32176     0.80771    -0.93670     0.21155     0.24794
2027.3     0.37349     0.38061     0.80661    -1.05896     0.25002     0.29013
2027.4     0.39401     0.43631     0.80873    -1.11738     0.31984     0.35744
2028.1     0.41474     0.49088     0.81528    -1.10758     0.40484     0.43478
2028.2     0.43566     0.54443     0.82619    -1.03838     0.49290     0.51155
2028.3     0.45650     0.59623     0.84073    -0.92368     0.57705     0.58218
2028.4     0.47693     0.64541     0.85801    -0.77768     0.65412     0.64461
2029.1     0.49667     0.69128     0.87716    -0.61247     0.72339     0.69889
2029.2     0.51553     0.73343     0.89751    -0.43732     0.78531     0.74597
2029.3     0.53337     0.77170     0.91853    -0.25896     0.84073     0.78700
2029.4     0.55014     0.80612     0.93986    -0.08198     0.89056     0.82308
@                                                                             
@ Profits and Productivity                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;                                
 
          PIEF        PIEF        PROD100     PROD100 
         Level      %Change      Level      %Change 
2019.1   304.98200   -23.73970     7.59400   -99.00000
2019.2   305.95000     1.27564     7.62905     1.85894
2019.3   319.10100    18.33435     7.69455     3.47863
2019.4   337.41700    25.01300     7.75968     3.42900
2020.1   312.75100   -26.18800     7.75303    -0.34239
2020.2   301.86700   -13.21039     8.20682    25.54942
2020.3   478.99400   533.95399     8.26832     3.03129
2020.4   448.11100   -23.40117     8.18405    -4.01479
2021.1   520.67428    82.27289     8.24039     2.78215
2021.2   610.10900    88.52338     8.26040     0.97507
2021.3   601.66940    -5.41942     8.21362    -2.24635
2021.4   596.20300    -3.58493     8.23967     1.27465
2022.1   602.16300     4.05900     8.15656    -3.97391
2022.2   658.55800    43.06054     8.11427    -2.05796
2022.3   621.08600   -20.89010     8.12724     0.64095
2022.4   593.92800   -16.37652     8.17626     2.43467
2023.1   647.38500    41.16120     8.21072     1.69669
2023.2   660.55100     8.38642     8.26591     2.71553
2023.3   686.91500    16.94633     8.35099     4.18135
2023.4   709.41500    13.75997     8.41630     3.16493
2024.1   707.90900    -0.84645     8.42428     0.37991
2024.2   727.90200    11.78458     8.48091     2.71599
2024.3   730.29700     1.32262     8.53289     2.47432
2024.4   753.95500    13.60139     8.55839     1.20085
2025.1   667.02300   -38.73936     8.50895    -2.29065
2025.2   679.77882     7.87164     8.60763     4.72019
2025.3   719.75064    25.67755     8.70406     4.55673
2025.4   737.64808    10.32365     8.73950     1.63872

2026.1   773.94290    21.18220     8.79795     2.70207
2026.2   811.21929    20.70281     8.84300     2.06410
2026.3   845.65963    18.09441     8.88559     1.94052
2026.4   878.90100    16.67490     8.92677     1.86693
2027.1   904.09469    11.96850     8.96909     1.90973
2027.2   924.30624     9.24658     9.01374     2.00610
2027.3   947.98687    10.64856     9.05972     2.05631
2027.4   973.44960    11.18459     9.10614     2.06507
2028.1  1000.26644    11.48307     9.15246     2.05038
2028.2  1027.99873    11.55975     9.19834     2.02041
2028.3  1056.43226    11.53118     9.24364     1.98419
2028.4  1085.48321    11.46174     9.28832     1.94775
2029.1  1115.17133    11.39711     9.33246     1.91451
2029.2  1145.56702    11.35651     9.37615     1.88568
2029.3  1176.74589    11.33937     9.41948     1.86120
2029.4  1208.77893    11.34142     9.46253     1.84059
@                                                                             
@ Some other endogenous variables                                             
@                                                                             
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;                                  
 
          CG          SRZ100      SR          SGP         SSP     
         Level       Level       Level       Level       Level  
2019.1  4676.53300     8.48112   118.67000  -258.92500   -50.17500
2019.2  1201.90600     7.55440   120.29700  -263.87500   -40.37500
2019.3   162.24100     7.09957   112.61200  -266.17500   -54.75000
2019.4  2475.23400     6.93390   102.53300  -254.82500   -62.00000
2020.1 -7736.41900     9.17227    97.86900  -268.87500   -64.32500
2020.2  5787.05900    25.03537   128.42800 -1339.20000    96.32500
2020.3  3311.13900    15.44203   162.73400  -844.15000   -47.27500
2020.4  6432.54000    12.51913   181.66400  -496.17500   -32.27500
2021.1  3315.38700    20.52616   201.28000 -1052.75000   -35.07500
2021.2  4019.33800    10.65655   214.32400  -846.40000   189.72500
2021.3  1044.05600     8.82795   230.48700  -568.10000    45.65000
2021.4  2848.87800     6.90812   230.47900  -387.70000    35.65000
2022.1 -2882.13200     3.89002   276.87300  -231.95000    46.05000
2022.2 -8285.52300     2.50188   260.43300  -236.25000    43.07500
2022.3 -2598.77400     3.37038   228.54400  -257.37500    10.82500
2022.4  1786.10700     3.90148   236.46900  -303.95000   -14.00000
2023.1  2617.84500     5.62079   232.32900  -420.42500   -17.60000
2023.2  2736.76400     6.09455   232.90300  -430.60000   -29.07500
2023.3 -1891.54300     5.63120   230.40200  -430.80000   -46.65000
2023.4  4431.26100     5.72602   249.64200  -435.37500   -34.32500
2024.1  3850.75700     6.37661   268.55800  -450.05000   -39.82500
2024.2   830.09800     5.97796   290.37300  -451.82500   -52.12500
2024.3  3756.33600     5.29884   332.01900  -488.87500   -45.15000
2024.4   373.06900     4.88847   286.15500  -483.60000   -41.85000
2025.1 -2112.14500     5.32711   368.84500  -480.22500   -46.20000
2025.2  5620.32200     5.17114   293.84400  -473.17500   -47.17500
2025.3  5872.27700     4.29798   246.14700  -452.62500   -60.60000
2025.4  1570.00000     3.75575   243.70000  -426.23583   -66.78026

2026.1   882.73936     4.01277   259.32359  -438.01422   -68.29667
2026.2   895.12260     4.29379   272.25838  -453.07036   -71.17548
2026.3   907.89654     4.55153   282.59618  -469.47425   -74.95452
2026.4   920.77905     4.76407   290.63124  -486.23623   -79.23355
2027.1   933.59172     4.94368   296.81046  -503.63212   -84.01021
2027.2   946.24536     5.10992   301.82985  -521.04643   -89.03231
2027.3   958.73468     5.27002   306.36105  -537.62122   -93.94733
2027.4   971.09840     5.42597   310.70184  -553.62398   -98.78617
2028.1   983.39073     5.57808   315.03995  -569.13026  -103.56396
2028.2   995.66704     5.72567   319.47696  -584.23118  -108.30814
2028.3  1007.97623     5.86778   324.07989  -599.02651  -113.04119
2028.4  1020.35800     6.00362   328.89158  -613.60994  -117.78065
2029.1  1032.84302     6.13271   333.93744  -628.05278  -122.53905
2029.2  1045.45433     6.25490   339.23462  -642.40862  -127.32522
2029.3  1058.20904     6.37022   344.79600  -656.72266  -132.14599
2029.4  1071.11985     6.47886   350.63116  -671.03391  -137.00682
@                                                                             
@ Selected exogenous variables                                                
@                                                                             
PRINTVAR FIXEDF PCHANGES COG COS EX TRGH PIM ;                                
 
          COG         COS         EX          TRGH        PIM     
        %Change     %Change     %Change     %Change     %Change 
2019.1     9.62298    17.20753     3.80516    15.25828    -4.60688
2019.2     0.04368    14.91553    -2.02087     3.66165     1.99441
2019.3     6.43733     7.27367     0.09750     2.99591    -4.20477
2019.4     2.86751     5.49828     2.45840     2.29531    -1.13558
2020.1     5.13275    16.48230   -13.94302    11.36920    -1.29990
2020.2    47.09008    25.29849   -60.97492   499.00110   -12.51911
2020.3   -18.72973   -12.43471    58.25714   -71.55918     8.90541
2020.4     2.35882     1.29807    26.16936   -19.07646     3.00340
2021.1    25.49515    -2.42825     0.89489   896.34600    11.95092
2021.2   -12.30105    -6.71955     4.12019   -82.36174    12.53001
2021.3    -9.82872    -3.89665    -0.26403    -6.24524     6.31651
2021.4     5.74156    -5.26171    25.76080     1.20625     6.60910
2022.1   -11.14391    -1.77302    -4.08168     3.34384    13.51442
2022.2    -3.50155    -3.75059    13.06134     1.05509    11.27152
2022.3    -1.47327     2.27074    15.02215    -1.05758    -4.33507
2022.4    13.61441     1.23496    -2.94447     7.53349    -4.48896
2023.1     5.63647     5.58433     3.78251     2.39361    -1.82008
2023.2     0.03947     9.56520    -5.28580     1.15084    -4.69757
2023.3     8.71550     6.12885     4.45628     3.74509     0.58519
2023.4     4.07991     8.66744     6.11130     2.87407    -0.09222
2024.1     0.80587     3.46503     4.58207    16.91235     2.37867
2024.2     5.97116     4.39112     0.66224     6.14575     1.93162
2024.3    11.73600     5.71112     8.93498     5.51021     0.74377
2024.4     5.07174     3.71459    -0.88282     7.17525    -0.55934
2025.1    -5.52175     2.68124     0.16561    16.94263     1.77882
2025.2    -1.16830     6.35105    -1.83711    15.84215    -1.24288
2025.3     5.21101     4.07063     9.62134    -0.61088     0.21488
2025.4    -6.92984     5.67511    -0.92706     3.45565     2.31111

2026.1     1.00000     1.00000     2.00000     7.73246     2.00000
2026.2     1.00000     1.00000     2.00000     7.85952     2.00000
2026.3     1.00000     1.00000     2.00000     7.84371     2.00000
2026.4     1.00000     1.00000     2.00000     7.75840     2.00000
2027.1     1.00000     1.00000     2.00000     7.61833     2.00000
2027.2     1.00000     1.00000     2.00000     7.46691     2.00000
2027.3     1.00000     1.00000     2.00000     7.33293     2.00000
2027.4     1.00000     1.00000     2.00000     7.22630     2.00000
2028.1     1.00000     1.00000     2.00000     7.14632     2.00000
2028.2     1.00000     1.00000     2.00000     7.08908     2.00000
2028.3     1.00000     1.00000     2.00000     7.04975     2.00000
2028.4     1.00000     1.00000     2.00000     7.02385     2.00000
2029.1     1.00000     1.00000     2.00000     7.00760     2.00000
2029.2     1.00000     1.00000     2.00000     6.99804     2.00000
2029.3     1.00000     1.00000     2.00000     6.99304     2.00000
2029.4     1.00000     1.00000     2.00000     6.99114     2.00000
@                                                                             
@ Federal Government Budget                                                   
@                                                                             
PRINTVAR FIXEDF LEVELS THG TCG IBTG CUST SIG TRFG ;                           
 
          THG         TCG         IBTG        CUST        SIG         TRFG    
         Level       Level       Level       Level       Level       Level  
2019.1   420.47500    49.35000    26.90000    18.92500   349.00000     8.12500
2019.2   421.67500    51.40000    26.92500    17.50000   350.87500     8.75000
2019.3   424.95000    51.72500    26.30000    19.97500   352.57500    12.75000
2019.4   434.05000    57.97500    25.35000    21.35000   357.05000     8.00000
2020.1   438.75000    48.12500    27.90000    19.87500   363.30000     8.47500
2020.2   405.45000    49.92500    19.90000    13.85000   345.90000     9.02500
2020.3   434.17500    64.42500    21.90000    16.60000   358.22500    10.35000
2020.4   462.57500    62.75000    22.47500    18.30000   367.42500    11.12500
2021.1   498.42500    69.97500    21.65000    20.17500   371.60000     9.72500
2021.2   523.47500    84.82500    24.82500    22.45000   380.40000     9.62500
2021.3   544.02500    87.17500    26.20000    22.30000   389.67500     9.70000
2021.4   561.70000    93.50000    27.87500    24.15000   401.15000    10.05000
2022.1   648.87500    96.25000    28.65000    26.85000   411.45000    10.07500
2022.2   650.10000   106.40000    29.37500    27.55000   417.00000    12.85000
2022.3   656.52500   104.22500    29.20000    25.42500   428.00000    10.50000
2022.4   649.85000   104.82500    28.97500    22.52500   430.75000    12.80000
2023.1   566.40000   104.80000    28.05000    21.10000   436.32500    10.85000
2023.2   565.65000   103.87500    27.27500    20.87500   442.60000    10.65000
2023.3   570.60000   107.10000    27.42500    19.87500   450.12500    12.05000
2023.4   575.90000   110.67500    27.35000    19.77500   455.97500    11.32500
2024.1   585.75000   118.07500    28.27500    20.57500   466.57500    12.85000
2024.2   595.95000   123.82500    28.70000    19.72500   473.20000    14.90000
2024.3   605.85000   122.65000    29.20000    21.47500   478.55000    13.10000
2024.4   615.70000   127.15000    29.07500    21.80000   484.40000    17.17500
2025.1   634.57500   117.30000    28.77500    24.25000   493.50000    14.25000
2025.2   642.97500   117.42500    29.10000    66.92500   495.72500    13.50000
2025.3   654.00000   127.12500    29.05000    82.85000   499.55000    14.55000
2025.4   663.27500   128.93917    29.05000    91.07500   504.17500    13.92500

2026.1   674.03358   133.09780    29.05000    91.07500   511.75069    13.92500
2026.2   684.97957   137.37641    29.05000    91.07500   519.03499    13.92500
2026.3   695.92950   141.37009    29.05000    91.07500   526.10622    13.92500
2026.4   706.64925   145.23570    29.05000    91.07500   532.88680    13.92500
2027.1   717.17583   148.27157    29.05000    91.07500   539.47813    13.92500
2027.2   727.67282   150.78646    29.05000    91.07500   546.06474    13.92500
2027.3   738.24509   153.63888    29.05000    91.07500   552.74372    13.92500
2027.4   748.95624   156.66111    29.05000    91.07500   559.56607    13.92500
2028.1   759.84447   159.81308    29.05000    91.07500   566.56394    13.92500
2028.2   770.92832   163.05323    29.05000    91.07500   573.75023    13.92500
2028.3   782.21751   166.36217    29.05000    91.07500   581.12703    13.92500
2028.4   793.71696   169.73318    29.05000    91.07500   588.69144    13.92500
2029.1   805.42900   173.16955    29.05000    91.07500   596.43915    13.92500
2029.2   817.35504   176.67935    29.05000    91.07500   604.36595    13.92500
2029.3   829.49631   180.27088    29.05000    91.07500   612.46809    13.92500
2029.4   841.85425   183.95180    29.05000    91.07500   620.74247    13.92500
PRINTVAR FIXEDF LEVELS DG PUG TRGH TRGR TRGS INTG ;                           
 
          DG          PUG         TRGH        TRGR        TRGS        INTG    
         Level       Level       Level       Level       Level       Level  
2019.1   -16.00000   350.80000   561.95000    10.57500   147.80000   135.85000
2019.2   -18.77500   352.00000   567.02500     9.57500   152.67500   137.32500
2019.3   -13.40000   356.72500   571.22500     9.70000   152.20000   134.95000
2019.4   -15.65000   359.97500   574.47500    11.07500   156.25000   131.20000
2020.1   -18.90000   365.07500   590.15000    12.00000   158.80000   126.82500
2020.2   -20.82500   391.92500   923.25000    15.85000   347.32500   123.02500
2020.3   -25.42500   382.17500   674.22500    16.37500   184.15000   121.32500
2020.4   -21.90000   385.40000   639.47500    12.17500   188.40000   123.57500
2021.1   -19.92500   404.17500  1136.12500    15.30000   194.52500   127.70000
2021.2   -25.97500   399.35000   736.27500    12.90000   411.50000   134.52500
2021.3   -30.92500   396.30000   724.50000    18.90000   271.32500   141.77500
2021.4   -32.37500   404.55000   726.67500    12.25000   232.72500   147.70000
2022.1   -24.60000   402.25000   732.67500    14.87500   232.77500   153.90000
2022.2   -18.12500   405.65000   734.60000    17.17500   240.52500   165.97500
2022.3   -11.65000   409.75000   732.65000    27.30000   237.92500   182.57500
2022.4    -5.20000   422.82500   746.07500    24.57500   237.02500   199.95000
2023.1    -0.02500   431.92500   750.50000    22.57500   244.82500   209.57500
2023.2    -0.02500   434.70000   752.65000    22.00000   246.27500   217.50000
2023.3    -0.02500   446.10000   759.60000    22.12500   226.77500   234.37500
2023.4    -0.05000   453.00000   765.00000    12.27500   233.97500   246.57500
2024.1    -0.05000   458.57500   795.47500    14.12500   234.17500   254.92500
2024.2    -0.05000   466.87500   807.42500    13.92500   236.80000   261.55000
2024.3    -0.02500   479.47500   818.32500    28.80000   244.92500   271.02500
2024.4    -0.02500   487.50000   832.62500    23.30000   245.57500   272.77500
2025.1    -1.65000   487.42500   865.85000    13.52500   238.92500   269.47500
2025.2    -1.42500   489.10000   898.27500    13.55000   243.45000   273.35000
2025.3    -1.27500   497.42500   896.90000    11.57500   250.55000   282.20000
2025.4    -1.77500   493.00000   904.55000    10.20000   246.20000   289.20000

2026.1    -1.77500   498.59715   921.55067    10.20000   248.37985   301.21228
2026.2    -1.77500   504.37950   939.14758    10.20000   250.65285   315.13670
2026.3    -1.77500   510.19742   957.04542    10.20000   252.93738   329.59566
2026.4    -1.77500   515.96333   975.09141    10.20000   255.19224   343.70609
2027.1    -1.77500   521.63736   993.15467    10.20000   257.38349   357.36809
2027.2    -1.77500   527.21431  1011.19656    10.20000   259.50220   370.67086
2027.3    -1.77500   532.71141  1029.24514    10.20000   261.55676   383.76693
2027.4    -1.77500   538.15348  1047.35558    10.20000   263.56209   396.78294
2028.1    -1.77500   543.56627  1065.58590    10.20000   265.53326   409.73328
2028.2    -1.77500   548.97256  1083.98872    10.20000   267.48343   422.61710
2028.3    -1.77500   554.39072  1102.60809    10.20000   269.42318   435.45910
2028.4    -1.77500   559.83489  1121.47944    10.20000   271.36058   448.29498
2029.1    -1.77500   565.31562  1140.63047    10.20000   273.30154   461.15656
2029.2    -1.77500   570.84063  1160.08262    10.20000   275.25024   474.07190
2029.3    -1.77500   576.41551  1179.85274    10.20000   277.20959   487.06847
2029.4    -1.77500   582.04438  1199.95446    10.20000   279.18165   500.17297
PRINTVAR FIXEDF LEVELS IGZ;                                                   
 
          IGZ     
         Level  
2019.1    83.52500
2019.2    80.02500
2019.3    83.40000
2019.4    85.32500
2020.1    87.32500
2020.2    91.42500
2020.3    92.70000
2020.4    94.40000
2021.1    92.45000
2021.2    93.72500
2021.3    95.82500
2021.4    98.75000
2022.1    99.95000
2022.2   102.90000
2022.3   101.70000
2022.4   105.37500
2023.1   105.05000
2023.2   106.00000
2023.3   106.35000
2023.4   108.62500
2024.1   108.35000
2024.2   111.27500
2024.3   115.27500
2024.4   116.05000
2025.1   116.95000
2025.2   117.20000
2025.3   118.25000
2025.4   118.97500

2026.1   120.91866
2026.2   122.93029
2026.3   124.97081
2026.4   127.02007
2027.1   129.06096
2027.2   131.08849
2027.3   133.10635
2027.4   135.12169
2028.1   137.14196
2028.2   139.17384
2028.3   141.22286
2028.4   143.29337
2029.1   145.38873
2029.2   147.51142
2029.3   149.66337
2029.4   151.84603
@                                                                             
@ State and Local Government Budget                                           
@                                                                             
PRINTVAR FIXEDF LEVELS THS TCS IBTS SIS TRGS DS;                              
 
          THS         TCS         IBTS        SIS         TRGS        DS      
         Level       Level       Level       Level       Level       Level  
2019.1   118.37500    17.95000   336.32500     5.20000   147.80000    -1.62500
2019.2   132.75000    19.20000   340.70000     5.20000   152.67500    -1.62500
2019.3   123.90000    18.52500   347.10000     5.15000   152.20000    -1.57500
2019.4   122.52500    17.57500   346.20000     5.12500   156.25000    -1.67500
2020.1   124.22500    15.87500   345.65000     5.07500   158.80000    -1.57500
2020.2   122.57500    17.12500   324.62500     4.82500   347.32500    -1.57500
2020.3   128.47500    20.40000   350.40000     4.97500   184.15000    -1.47500
2020.4   132.02500    19.55000   356.15000     5.15000   188.40000    -1.60000
2021.1   137.65000    20.40000   363.20000     5.30000   194.52500    -1.62500
2021.2   143.47500    24.90000   384.15000     5.50000   411.50000    -1.57500
2021.3   141.25000    30.92500   387.70000     5.67500   271.32500    -1.55000
2021.4   148.00000    43.35000   398.35000     5.80000   232.72500    -1.62500
2022.1   165.92500    46.17500   403.70000     5.87500   232.77500    -1.75000
2022.2   174.30000    41.10000   412.55000     5.87500   240.52500    -1.62500
2022.3   149.27500    42.40000   417.15000     5.82500   237.92500    -1.55000
2022.4   148.42500    44.70000   417.15000     5.62500   237.02500    -1.62500
2023.1   139.90000    43.47500   420.75000     5.42500   244.82500    -1.77500
2023.2   136.97500    42.55000   421.40000     5.35000   246.27500    -1.80000
2023.3   139.57500    42.12500   427.20000     5.50000   226.77500    -1.65000
2023.4   140.72500    43.17500   433.42500     5.80000   233.97500    -1.70000
2024.1   140.07500    43.30000   439.67500     6.25000   234.17500    -1.75000
2024.2   143.45000    42.65000   445.37500     6.65000   236.80000    -1.70000
2024.3   148.92500    42.52500   448.72500     6.90000   244.92500    -1.67500
2024.4   152.55000    43.55000   454.02500     7.07500   245.57500    -1.72500
2025.1   153.92500    46.10000   458.42500     7.15000   238.92500    -1.92500
2025.2   157.25000    45.75000   462.60000     7.25000   243.45000    -1.75000
2025.3   159.67500    41.67500   468.32500     7.37500   250.55000    -1.67500
2025.4   164.20000    42.26974   473.82500     7.55000   246.20000    -1.70000

2026.1   166.86339    43.47582   479.63989     7.58911   248.37985    -1.70000
2026.2   169.57317    44.71452   485.52614     7.62848   250.65285    -1.70000
2026.3   172.28393    45.85898   491.48463     7.66811   252.93738    -1.70000
2026.4   174.93771    46.96360   497.51625     7.70800   255.19224    -1.70000
2027.1   177.54366    47.80079   503.62188     7.74814   257.38349    -1.70000
2027.2   180.14229    48.47242   509.80245     7.78855   259.50220    -1.70000
2027.3   182.75955    49.25933   516.05887     7.82923   261.55676    -1.70000
2027.4   185.41120    50.10546   522.39206     7.87017   263.56209    -1.70000
2028.1   188.10668    50.99659   528.80298     7.91139   265.53326    -1.70000
2028.2   190.85060    51.91814   535.29257     7.95287   267.48343    -1.70000
2028.3   193.64534    52.86299   541.86181     7.99462   269.42318    -1.70000
2028.4   196.49214    53.82836   548.51166     8.03665   271.36058    -1.70000
2029.1   199.39157    54.81490   555.24313     8.07896   273.30154    -1.70000
2029.2   202.34397    55.82496   562.05720     8.12154   275.25024    -1.70000
2029.3   205.34966    56.86104   568.95490     8.16440   277.20959    -1.70000
2029.4   208.40898    57.92550   575.93725     8.20755   279.18165    -1.70000
PRINTVAR FIXEDF LEVELS PUS TRSH UB INTS SUBS ISZ;                             
 
          PUS         TRSH        UB          INTS        SUBS        ISZ     
         Level       Level       Level       Level       Level       Level  
2019.1   574.95000   164.17500     7.40000    55.95000     3.75000   107.50000
2019.2   588.30000   168.47500     6.82500    57.32500     4.07500   111.72500
2019.3   597.00000   170.77500     6.60000    57.60000     3.67500   111.80000
2019.4   606.27500   170.57500     6.67500    56.80000     2.60000   110.70000
2020.1   620.45000   167.52500     9.80000    54.92500     1.47500   114.42500
2020.2   613.50000   179.87500   237.45000    53.57500     1.85000   112.47500
2020.3   618.30000   189.27500   200.25000    53.10000     3.32500   112.15000
2020.4   622.30000   186.42500    80.50000    53.15000     2.27500   114.10000
2021.1   634.67500   193.35000   147.12500    53.85000     5.02500   113.82500
2021.2   644.22500   203.77500   109.37500    53.17500     7.37500   112.35000
2021.3   658.65000   205.37500    50.75000    51.07500     4.92500   112.20000
2021.4   666.70000   204.22500     7.67500    47.62500     4.15000   113.10000
2022.1   681.80000   215.40000     6.10000    42.65000     3.27500   117.10000
2022.2   704.17500   223.50000     5.45000    39.65000     4.05000   119.02500
2022.3   711.85000   227.97500     5.80000    38.60000     5.57500   123.25000
2022.4   719.80000   243.10000     6.45000    39.70000     7.95000   125.27500
2023.1   728.20000   239.10000     7.50000    43.22500     9.92500   129.87500
2023.2   733.65000   245.75000     8.20000    45.42500    11.30000   135.80000
2023.3   751.35000   235.27500     8.72500    46.92500    11.87500   139.00000
2023.4   762.25000   233.60000     8.87500    47.15000    11.70000   144.57500
2024.1   774.37500   247.60000     8.87500    46.20000    11.50000   145.95000
2024.2   781.90000   254.75000     9.02500    45.40000    11.45000   147.62500
2024.3   792.27500   260.15000     9.25000    44.57500    11.52500   151.02500
2024.4   800.20000   261.80000     9.32500    43.77500    11.85000   153.80000
2025.1   811.45000   259.72500     9.27500    43.15000    12.00000   155.70000
2025.2   820.15000   268.45000     9.50000    42.17500    12.87500   159.07500
2025.3   833.67500   281.57500     9.62500    40.72500    13.22500   160.72500
2025.4   843.60000   289.95000     9.57500    39.07500    13.50000   165.22500

2026.1   853.72391   295.39950     9.00000    39.21148    13.50000   167.51516
2026.2   864.15838   301.04012     9.00000    40.53426    13.50000   169.88712
2026.3   874.64806   306.77720     9.00000    42.62363    13.50000   172.28634
2026.4   885.03960   312.56177     9.00000    45.20985    13.50000   174.68489
2027.1   895.26122   318.35188     9.00000    48.12931    13.50000   177.05925
2027.2   905.30611   324.13514     9.00000    51.27670    13.50000   179.40272
2027.3   915.20614   329.92055     9.00000    54.57991    13.50000   181.72052
2027.4   925.00640   335.72578     9.00000    57.99252    13.50000   184.02253
2028.1   934.75325   341.56943     9.00000    61.48613    13.50000   186.31895
2028.2   944.48759   347.46839     9.00000    65.04359    13.50000   188.61882
2028.3   954.24250   353.43675     9.00000    68.65443    13.50000   190.92955
2028.4   964.04342   359.48589     9.00000    72.31264    13.50000   193.25689
2029.1   973.90934   365.62468     9.00000    76.01531    13.50000   195.60518
2029.2   983.85422   371.85999     9.00000    79.76150    13.50000   197.97758
2029.3   993.88828   378.19723     9.00000    83.55149    13.50000   200.37642
2029.4  1004.01902   384.64075     9.00000    87.38639    13.50000   202.80342
@                                                                             
@ Financial Saving of the Six Sectors                                         
@                                                                             
PRINTVAR FIXEDF LEVELS SH SF SB SR SG SS;                                     
 
          SH          SF          SB          SR          SG          SS      
         Level       Level       Level       Level       Level       Level  
2019.1   249.41700   -34.40300    38.46500   118.67000  -278.63300   -69.94000
2019.2   212.87400   -23.23700    26.73200   120.29700  -282.54200   -62.59900
2019.3   194.95500   -12.78000    28.15100   112.61200  -288.10800   -76.02800
2019.4   190.89600    28.98700    16.92800   102.53300  -294.21400   -81.43000
2020.1   278.45700    -3.62700    10.76700    97.86900  -297.79200   -86.49900
2020.2  1045.26200    74.40100    -0.19700   128.42800 -1369.95800    77.53700
2020.3   563.57600    98.38900     5.44400   162.73400  -873.07000   -64.79900
2020.4   415.64000     3.79700     4.54700   181.66400  -526.76500   -51.70800
2021.1   914.73100    44.13100    16.55100   201.28000 -1128.74700   -52.97100
2021.2   359.07200    86.76300    12.10200   214.32400  -870.14600   175.43400
2021.3   291.97100    41.46700   -12.78800   230.48700  -593.65700    35.69400
2021.4   190.85000   -42.60500     4.30500   230.47900  -417.22100    24.89200
2022.1    49.36400  -203.92900    35.56000   276.87300  -167.91000    34.74200
2022.2    -6.95700   -74.31100    27.14900   260.43300  -342.07400   146.53500
2022.3    80.27400    -7.33100    -7.67700   228.54400  -288.47500    16.09100
2022.4    97.34100   -49.56100    12.43200   236.46900  -354.82700    -4.92700
2023.1   189.04200   -27.32300    87.94900   232.32900  -510.60600   -31.99100
2023.2   279.96900   -29.82900    48.31900   232.90300  -561.07500   -47.13700
2023.3   242.29900   -24.87200    51.59900   230.40200  -549.51700   -66.31100
2023.4   208.97500   -16.66900    41.64800   249.64200  -502.51800   -59.47900
2024.1   243.74800   -52.75000    62.67900   268.55800  -519.11500   -64.64500
2024.2   225.18900   -57.29600    63.91000   290.37300  -518.78600   -76.46500
2024.3   201.03000   -39.25000    50.08500   332.01900  -573.21300   -70.89700
2024.4   183.06100    19.80900    56.45700   286.15500  -565.35000   -48.05700
2025.1   211.01600   -51.21000    40.71300   368.84500  -536.30900   -71.35500
2025.2   181.56400    -6.81200    66.41200   293.84400  -520.48200   -76.42700
2025.3   140.77500    22.80300    79.42500   246.14700  -499.17400   -89.37800
2025.4   126.63133    27.90079    77.18728   243.70000  -447.65314  -127.19126

2026.1   138.11131    43.26884    76.83031   259.32359  -459.62935  -129.60470
2026.2   152.23809    55.62810    76.47706   272.25838  -474.89025  -133.41138
2026.3   166.59214    72.64619    76.09842   282.59618  -491.50180  -138.13113
2026.4   178.57793    95.23530    75.68216   290.63124  -508.47223  -143.35439
2027.1   188.16885   113.25643    75.21076   296.81046  -526.07561  -149.07090
2027.2   196.58476   123.92837    74.67913   301.82985  -543.69595  -155.02616
2027.3   204.40087   134.79286    74.09024   306.36105  -560.47570  -160.86931
2027.4   211.74866   145.71691    73.45022   310.70184  -576.68309  -166.63454
2028.1   218.64132   156.58866    72.76487   315.03995  -592.39443  -172.34038
2028.2   225.07400   167.42886    72.03904   319.47696  -607.70154  -178.01732
2028.3   231.02813   178.31070    71.27639   324.07989  -622.70474  -183.69037
2028.4   236.46594   189.34018    70.47955   328.89158  -637.49819  -189.37907
2029.1   241.35231   200.61099    69.65022   333.93744  -652.15352  -195.09744
2029.2   245.66865   212.18745    68.78935   339.23462  -666.72460  -200.85547
2029.3   249.40849   224.11575    67.89737   344.79600  -681.25681  -206.66080
2029.4   252.57120   236.43216    66.97438   350.63116  -695.78932  -212.51958
PRINTVAR FIXEDF LEVELS GDPR GDPD PCGDPR;                                      
 
          GDPR        GDPD        PCGDPR  
         Level       Level       Level  
2019.1  5107.92500     1.03327     2.52343
2019.2  5150.57500     1.03862     3.38197
2019.3  5210.82500     1.04192     4.76183
2019.4  5246.37500     1.04516     2.75699
2020.1  5177.30000     1.05032    -5.16339
2020.2  4769.52500     1.04614   -27.97435
2020.3  5139.75000     1.05572    34.85513
2020.4  5198.00000     1.06229     4.61094
2021.1  5270.55000     1.07654     5.70089
2021.2  5360.22500     1.09258     6.98141
2021.3  5404.45000     1.10978     3.34130
2021.4  5497.17500     1.12847     7.04151
2022.1  5483.20000     1.15126    -1.01301
2022.2  5491.77500     1.17727     0.62702
2022.3  5531.40000     1.19030     2.91752
2022.4  5569.60000     1.20163     2.79116
2023.1  5609.90000     1.21288     2.92585
2023.2  5645.15000     1.21919     2.53720
2023.3  5710.25000     1.22915     4.69322
2023.4  5758.45000     1.23404     3.41938
2024.1  5770.52500     1.24374     0.84141
2024.2  5821.60000     1.25167     3.58769
2024.3  5869.65000     1.25697     3.34260
2024.4  5896.62500     1.26451     1.85098
2025.1  5887.05000     1.27577    -0.64794
2025.2  5942.75000     1.28345     3.83863
2025.3  6006.70000     1.29556     4.37438
2025.4  6027.97500     1.30697     1.42430

2026.1  6075.62270     1.31855     3.19946
2026.2  6110.90834     1.33061     2.34341
2026.3  6142.45694     1.34274     2.08112
2026.4  6170.66850     1.35471     1.84985
2027.1  6198.60827     1.36634     1.82347
2027.2  6228.82817     1.37759     1.96442
2027.3  6261.43844     1.38850     2.11065
2027.4  6296.14285     1.39914     2.23552
2028.1  6332.68613     1.40961     2.34192
2028.2  6370.74683     1.41996     2.42584
2028.3  6410.05891     1.43026     2.49123
2028.4  6450.42819     1.44054     2.54302
2029.1  6491.72811     1.45084     2.58577
2029.2  6533.87748     1.46119     2.62252
2029.3  6576.81989     1.47159     2.65494
2029.4  6620.51547     1.48206     2.68415
PRINTVAR FIXEDF LEVELS SHRPIE SRZ JM AFT;                                     
 
          SHRPIE      SRZ         JM          AFT     
         Level       Level       Level       Level  
2019.1     0.11035     0.08481     1.36000     1.42367
2019.2     0.10953     0.07554     1.36600     1.42333
2019.3     0.11474     0.07100     1.37400     1.42300
2019.4     0.11860     0.06934     1.37700     1.42300
2020.1     0.11210     0.09172     1.37900     1.42300
2020.2     0.11600     0.25035     1.37800     1.35867
2020.3     0.16826     0.15442     1.38300     1.36800
2020.4     0.15225     0.12519     1.38800     1.37533
2021.1     0.17336     0.20526     1.39100     1.37600
2021.2     0.19224     0.10657     1.39400     1.37667
2021.3     0.18448     0.08828     1.38900     1.38067
2021.4     0.17416     0.06908     1.38200     1.37000
2022.1     0.16895     0.03890     1.37300     1.35700
2022.2     0.18401     0.02502     1.36100     1.34000
2022.3     0.16923     0.03370     1.35400     1.33700
2022.4     0.16004     0.03901     1.34500     1.33000
2023.1     0.17406     0.05621     1.33600     1.31800
2023.2     0.17657     0.06095     1.32900     1.31133
2023.3     0.18094     0.05631     1.32000     1.31367
2023.4     0.18430     0.05726     1.31400     1.30967
2024.1     0.17953     0.06377     1.30900     1.30200
2024.2     0.18131     0.05978     1.30800     1.29833
2024.3     0.18049     0.05299     1.31200     1.29800
2024.4     0.18338     0.04888     1.31700     1.29800
2025.1     0.15938     0.05327     1.32200     1.29767
2025.2     0.16226     0.05171     1.32800     1.29800
2025.3     0.16992     0.04298     1.33500     1.29800
2025.4     0.17232     0.03756     1.33500     1.29800

2026.1     0.17807     0.04013     1.33500     1.29800
2026.2     0.18397     0.04294     1.33500     1.29800
2026.3     0.18916     0.04552     1.33500     1.29800
2026.4     0.19406     0.04764     1.33500     1.29800
2027.1     0.19715     0.04944     1.33500     1.29800
2027.2     0.19910     0.05110     1.33500     1.29800
2027.3     0.20170     0.05270     1.33500     1.29800
2027.4     0.20456     0.05426     1.33500     1.29800
2028.1     0.20757     0.05578     1.33500     1.29800
2028.2     0.21061     0.05726     1.33500     1.29800
2028.3     0.21365     0.05868     1.33500     1.29800
2028.4     0.21667     0.06004     1.33500     1.29800
2029.1     0.21966     0.06133     1.33500     1.29800
2029.2     0.22264     0.06255     1.33500     1.29800
2029.3     0.22562     0.06370     1.33500     1.29800
2029.4     0.22863     0.06479     1.33500     1.29800