Forecasts of Selected Variables: July 31, 2026
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@            Actual and Forecast Values for Selected Variables                
@                                                                             
@ 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  6013.95000     0.48367  2752.90000     2.65499   886.20000     0.40726
2026.1  6045.07500     2.08631  2756.65000     0.54599   887.45000     0.56540
2026.2  6067.65000     1.50217  2771.87500     2.22757   897.07500     4.40936

2026.3  6118.70196     3.40823  2790.35693     2.69386   903.15696     2.73961
2026.4  6161.56382     2.83160  2806.89969     2.39259   907.78723     2.06653
2027.1  6199.46396     2.48322  2823.20358     2.34372   912.11327     1.91986
2027.2  6236.80532     2.43118  2839.63481     2.34843   916.40869     1.89707
2027.3  6267.71704     1.99732  2856.14034     2.34537   920.73142     1.90021
2027.4  6296.93343     1.87764  2872.78261     2.35119   925.11097     1.91626
2028.1  6326.71542     1.90530  2889.67332     2.37265   929.57630     1.94475
2028.2  6358.06218     1.99664  2906.87370     2.40229   934.14899     1.98221
2028.3  6391.07131     2.09291  2924.40338     2.43408   938.84199     2.02472
2028.4  6425.64646     2.18159  2942.27369     2.46680   943.66370     2.07021
2029.1  6461.64528     2.25985  2960.49148     2.49979   948.61968     2.11735
2029.2  6498.91893     2.32742  2979.05251     2.53151   953.71227     2.16472
2029.3  6537.32751     2.38504  2997.94316     2.56069   958.94097     2.21109
2029.4  6576.75908     2.43462  3017.14623     2.58689   964.30339     2.25564
 
          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   158.39492    -3.45916   754.53840     2.85295
2025.4   535.30000     0.14959   158.70364     0.78191   759.06647     2.42214
2026.1   535.92500     0.46785   154.16947   -10.94754   777.64545    10.15579
2026.2   544.87500     6.84925   154.74835     1.51043   793.50743     8.41202

2026.3   548.87524     2.96913   155.46143     1.85598   800.19169     3.41229
2026.4   553.06682     3.08984   156.36234     2.33824   809.69081     4.83364
2027.1   557.55153     3.28319   157.19169     2.13857   818.19239     4.26653
2027.2   562.36878     3.50105   158.36695     3.02434   828.68987     5.23165
2027.3   567.48925     3.69212   159.89160     3.90689   832.18388     1.69722
2027.4   572.90948     3.87558   161.62677     4.41205   834.91983     1.32157
2028.1   578.64946     4.06824   163.55971     4.87022   837.25058     1.12132
2028.2   584.72613     4.26722   165.72429     5.39969   839.48014     1.06944
2028.3   591.14757     4.46568   168.10462     5.87025   841.66414     1.04472
2028.4   597.91955     4.66160   170.65409     6.20579   844.08616     1.15604
2029.1   605.04758     4.85451   173.33551     6.43473   846.86609     1.32389
2029.2   612.53511     5.04269   176.12534     6.59508   850.04143     1.50826
2029.3   620.38300     5.22419   179.00380     6.69932   853.60559     1.68775
2029.4   628.59047     5.39782   181.95256     6.75388   857.54056     1.85672
 
          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   913.85000    -0.96800
2026.1   939.70000    11.80397
2026.2   965.60000    11.48903

2026.3   971.01261     2.26110
2026.4   977.30450     2.61719
2027.1   983.88424     2.72033
2027.2   990.60814     2.76176
2027.3   996.90012     2.56496
2027.4  1002.70354     2.34900
2028.1  1008.14741     2.18943
2028.2  1013.40788     2.10358
2028.3  1018.63368     2.07867
2028.4  1023.93520     2.09812
2029.1  1029.38761     2.14706
2029.2  1035.03996     2.21455
2029.3  1040.92182     2.29254
2029.4  1047.04902     2.37540
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    -3.90000
2026.1    -4.17500
2026.2   -12.70000

2026.3     2.79660
2026.4    11.14528
2027.1    16.10503
2027.2    17.84481
2027.3    18.93778
2027.4    17.86639
2028.1    16.51963
2028.2    15.63501
2028.3    15.37824
2028.4    15.50070
2029.1    15.83439
2029.2    16.26382
2029.3    16.71808
2029.4    17.15754
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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     8.42968     7.13692
2019.2     2.08535     2.33836     1.48136    -0.83742
2019.3     1.27905     1.01197     1.56586     0.54835
2019.4     1.25051     1.10124     6.81021     5.64678
2020.1     1.98797     1.06213    11.31595    10.14606
2020.2    -1.58194    -2.08805    35.16924    38.05183
2020.3     3.71195     3.49463    -4.93260    -8.14268
2020.4     2.51476     2.51932     3.41331     0.87202
2021.1     5.47376     5.13304    -0.53300    -5.38940
2021.2     6.09406     5.71515     9.48356     3.56468
2021.3     6.44860     6.79890     4.00966    -2.61167
2021.4     6.90742     8.09832     3.82809    -3.95032
2022.1     8.32678     8.42573    -0.23446    -7.98721
2022.2     9.34704     9.81083     2.33701    -6.80608
2022.3     4.50292     4.45588     8.69404     4.05738
2022.4     3.86225     3.63517     1.07845    -2.46704
2023.1     3.79554     3.67661     4.68878     0.97627
2023.2     2.09879     2.19540     5.67566     3.40550
2023.3     3.30691     3.33005     5.31542     1.92139
2023.4     1.60065     1.77404     4.86541     3.03749
2024.1     3.18285     3.10237     5.17777     2.01295
2024.2     2.57545     2.60284     4.76787     2.11011
2024.3     1.70165     1.48658     4.02520     2.50144
2024.4     2.42291     1.92693     5.33293     3.34161
2025.1     3.60941     3.91556     5.34622     1.37675
2025.2     2.43006     1.17374     1.12863    -0.04458
2025.3     3.82822     3.68701     5.34261     1.59673
2025.4     3.68946     3.29386     2.60026    -0.67148
2026.1     3.34467     4.62399     1.93854    -2.56676
2026.2     6.52937     6.48691     2.38505    -3.85198

2026.3     4.96265     4.93690     6.86908     1.84128
2026.4     4.60607     4.56206     6.47822     1.83255
2027.1     4.48117     4.41913     6.31217     1.81292
2027.2     4.35650     4.29018     6.16125     1.79410
2027.3     4.20827     4.09589     5.94928     1.78046
2027.4     3.98517     3.85864     5.69779     1.77082
2028.1     3.74485     3.61688     5.44366     1.76302
2028.2     3.52164     3.39782     5.21291     1.75544
2028.3     3.33101     3.21293     5.01638     1.74731
2028.4     3.17520     3.06383     4.85548     1.73840
2029.1     3.05176     2.94737     4.72706     1.72874
2029.2     2.95611     2.85858     4.62621     1.71850
2029.3     2.88310     2.79221     4.54778     1.70788
2029.4     2.82790     2.74350     4.48711     1.69705
@                                                                             
@ Interest Rates and Money                                                    
@                                                                             
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  9522.70000    10.63110
2022.3     2.66333     4.24000     5.58000  9609.44100     3.69363
2022.4     4.04000     4.81000     6.69000  9408.42000    -8.10872
2023.1     4.62667     4.52000     6.35667  9390.78800    -0.74752
2023.2     5.07333     4.59667     6.49333  9331.48400    -2.50222
2023.3     5.29000     4.91333     7.03667  9172.02800    -6.66197
2023.4     5.28333     5.21000     7.29333  9162.49800    -0.41496
2024.1     5.23333     4.97000     6.74667  9490.13900    15.08924
2024.2     5.24333     5.22000     6.99000  9432.80500    -2.39476
2024.3     4.99000     4.89000     6.51000  9574.47000     6.14402
2024.4     4.40000     5.09667     6.65333  9735.03400     6.87864
2025.1     4.21000     5.35667     6.81667  9977.06000    10.32157
2025.2     4.23000     5.48333     6.79000 10199.56200     9.22342
2025.3     4.09667     5.33667     6.55333 10259.80500     2.38359
2025.4     3.73000     5.23333     6.22667 11274.54200    45.82743
2026.1     3.59333     5.37333     6.11000 11550.73500    10.16480
2026.2     3.62333     5.50000     6.42000 11786.01368     8.40000

2026.3     4.12263     5.72683     6.67200 11943.61294     5.45693
2026.4     4.53741     5.92367     6.94391 12089.88114     4.98935
2027.1     4.71528     6.05610     7.12904 12233.19582     4.82662
2027.2     4.82044     6.17300     7.26993 12374.33397     4.69540
2027.3     4.90990     6.28539     7.39594 12512.32821     4.53583
2027.4     4.95493     6.38085     7.49790 12645.63609     4.33024
2028.1     4.95209     6.45675     7.57034 12774.17188     4.12819
2028.2     4.92647     6.51960     7.62138 12898.51288     3.95073
2028.3     4.89518     6.57391     7.65940 13019.50594     3.80528
2028.4     4.86162     6.62061     7.68767 13138.07018     3.69273
2029.1     4.82655     6.66031     7.70759 13255.08330     3.61044
2029.2     4.79232     6.69425     7.72104 13371.29521     3.55333
2029.3     4.76087     6.72360     7.72986 13487.30791     3.51593
2029.4     4.73271     6.74906     7.73527 13603.59422     3.49362
@                                                                             
@ Unemployment Rate and Unemployment                                          
@                                                                             
PRINTVAR FIXEDF LEVELS UR100 U;                                               
 
          UR100       U       
         Level       Level  
2019.1     3.87285     6.36061
2019.2     3.67529     6.03360
2019.3     3.64135     6.01590
2019.4     3.59336     5.96453
2020.1     3.86205     6.40483
2020.2    13.02858    20.86567
2020.3     8.83991    14.36140
2020.4     6.77922    11.04918
2021.1     6.28991    10.23458
2021.2     5.94426     9.71736
2021.3     5.12358     8.40911
2021.4     4.24204     6.99281
2022.1     3.88705     6.41949
2022.2     3.69461     6.10800
2022.3     3.58283     5.93651
2022.4     3.62431     6.01507
2023.1     3.56298     5.94302
2023.2     3.59400     6.01232
2023.3     3.71059     6.23408
2023.4     3.81672     6.41891
2024.1     3.86388     6.50698
2024.2     4.01959     6.78207
2024.3     4.20790     7.12566
2024.4     4.20274     7.11202
2025.1     4.16299     7.04724
2025.2     4.23240     7.16531
2025.3     4.38548     7.43011
2025.4     4.50946     7.66860
2026.1     4.33982     7.39267
2026.2     4.27418     7.25800

2026.3     4.07067     6.91603
2026.4     3.93704     6.69518
2027.1     3.87102     6.59084
2027.2     3.85107     6.56608
2027.3     3.88503     6.63405
2027.4     3.95671     6.76710
2028.1     4.04671     6.93211
2028.2     4.13962     7.10268
2028.3     4.22631     7.26319
2028.4     4.30238     7.40600
2029.1     4.36634     7.52855
2029.2     4.41845     7.63123
2029.3     4.45985     7.71594
2029.4     4.49199     7.78515
@                                                                             
@ 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     2.30125     0.28930     1.88745   -14.18635     0.83055     1.47181
2019.2    -1.66995    -0.20671     1.30545    14.28736     1.11562     0.64791
2019.3     0.48835     1.96380     4.99234   -28.27769     1.49480     2.68751
2019.4     1.36465     4.23927     0.47421   -22.07798     1.08602     2.07802
2020.1    -0.20449    -0.20364    -0.60979   -40.22876    -3.73041    -1.44831
2020.2    -8.71624   -11.52666   -18.17286   257.31449   -40.15406   -41.55628
2020.3     3.00306     2.89271    11.23356   -44.90714    26.68802    27.54871
2020.4     0.22933     0.38127     3.09413   -75.41105     7.05595    10.69299
2021.1    -0.00128     1.31959    -2.84136    81.89871     3.31168     1.42599
2021.2     1.86222     1.23625     2.39134    61.70513     5.00820     3.36434
2021.3     1.73046     1.44370     1.60145    23.65989     6.22232     5.15895
2021.4     0.61953     2.32929     2.28026    -8.86482     5.99053     5.52293
2022.1     0.16867     2.44542    -0.19757    51.37432     4.16885     2.19239
2022.2     0.45282     1.42359    -0.56256    61.30576     3.22086     1.16897
2022.3     0.05315     1.89889     0.84154    59.52063     3.29646     1.35140
2022.4     0.48972    -0.84393     2.00640    35.78508     2.07675     0.46176
2023.1     1.10223     1.88371     2.88990   -11.89064     1.30809     2.23739
2023.2     1.40090     3.66572    -1.10117    14.26245     1.39393     1.02206
2023.3     1.49791     0.27227     3.15635     6.15955     1.24219     1.23745
2023.4    -0.32966     0.32054     1.13678    36.19880     1.36851    -0.04383
2024.1     1.02704     3.22308    -2.12912    24.31336     1.25304     0.32135
2024.2     0.60492     2.30758    -0.39913    13.86704     0.65796     0.10317
2024.3     1.74301     1.97709     0.78596    -3.19931     0.23995     0.68058
2024.4    -1.44612    -1.31385     1.75709    12.46313     0.27448    -0.24176
2025.1     0.83142     0.74230    -1.00794     2.65198     0.35695     0.30228
2025.2     1.05599     0.51038    -1.31541    11.30030     0.38062    -0.25377
2025.3     0.97221     1.09477    -0.98686    10.18650     0.33766    -0.33216
2025.4     0.69164     2.01915     1.78945   -15.12112     0.41187     0.96322
2026.1    -1.11154     0.58549     2.47081   -22.57207    -0.03975     1.38828
2026.2     0.16355    -2.00995    -1.89802    38.79237     0.99771    -0.97051

2026.3     0.10718    -0.25836     0.69583    -2.14328     1.13893     1.05533
2026.4     0.19104     0.02526     0.82297    -1.10223     1.06724     0.92348
2027.1     0.25408     0.22294     0.90789    -0.53476     0.92084     0.75375
2027.2     0.30267     0.36190     0.96418    -0.28008     0.81497     0.64113
2027.3     0.33664     0.44572     0.98926    -0.35305     0.61675     0.46340
2027.4     0.35994     0.49152     0.99136    -0.62984     0.45280     0.32954
2028.1     0.37696     0.51648     0.98066    -0.98056     0.35693     0.26287
2028.2     0.39106     0.53316     0.96532    -1.31130     0.32611     0.25491
2028.3     0.40427     0.54868     0.95038    -1.57372     0.34028     0.28420
2028.4     0.41760     0.56631     0.93846    -1.75058     0.38213     0.33372
2029.1     0.43143     0.58704     0.93062    -1.84269     0.43919     0.39202
2029.2     0.44579     0.61059     0.92700    -1.86010     0.50297     0.45196
2029.3     0.46052     0.63616     0.92723    -1.81657     0.56797     0.50937
2029.4     0.47540     0.66278     0.93073    -1.72619     0.63109     0.56232
@                                                                             
@ Profits and Productivity                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;                                
 
          PIEF        PIEF        PROD100     PROD100 
         Level      %Change      Level      %Change 
2019.1   304.98200   -23.73970     7.59397   -99.00000
2019.2   305.95000     1.27564     7.62914     1.86555
2019.3   319.10100    18.33435     7.69458     3.47527
2019.4   337.41700    25.01300     7.75971     3.42900
2020.1   312.75100   -26.18800     7.75300    -0.34564
2020.2   301.86700   -13.21039     8.20674    25.54673
2020.3   478.99400   533.95399     8.26825     3.03156
2020.4   448.11100   -23.40117     8.18409    -4.00977
2021.1   520.67428    82.27289     8.23839     2.68067
2021.2   610.10900    88.52338     8.26231     1.16636
2021.3   601.66940    -5.41942     8.21026    -2.49623
2021.4   596.20300    -3.58493     8.23550     1.23561
2022.1   602.16300     4.05900     8.15494    -3.85577
2022.2   658.55800    43.06054     8.11443    -1.97233
2022.3   621.08600   -20.89010     8.12630     0.58625
2022.4   593.92800   -16.37652     8.17867     2.60317
2023.1   647.38500    41.16120     8.21004     1.54286
2023.2   660.55100     8.38642     8.26676     2.79225
2023.3   686.91500    16.94633     8.35132     4.15484
2023.4   709.41500    13.75997     8.41887     3.27457
2024.1   707.90900    -0.84645     8.42001     0.05429
2024.2   727.90200    11.78458     8.48967     3.35042
2024.3   730.29700     1.32262     8.55312     3.02356
2024.4   753.95500    13.60139     8.58864     1.67156
2025.1   667.02200   -38.73973     8.56384    -1.15025
2025.2   679.77882     7.87229     8.66597     4.85649
2025.3   720.24164    26.02085     8.76657     4.72458
2025.4   737.18757     9.74863     8.79870     1.47410
2026.1   786.18130    29.35369     8.80791     0.41973
2026.2   881.80959    58.27358     8.83224     1.10920

2026.3   877.04030    -2.14592     8.88302     2.32004
2026.4   902.85091    12.30160     8.92593     1.94613
2027.1   926.12251    10.71580     8.96617     1.81521
2027.2   951.05057    11.20919     9.00780     1.87036
2027.3   971.91676     9.06913     9.04610     1.71164
2027.4   993.78304     9.30752     9.08562     1.75918
2028.1  1018.03683    10.12544     9.12743     1.85346
2028.2  1045.66260    11.30440     9.17127     1.93476
2028.3  1075.01519    11.71002     9.21630     1.97848
2028.4  1105.70599    11.91808     9.26187     1.99261
2029.1  1137.45570    11.99002     9.30755     1.98738
2029.2  1170.09303    11.98081     9.35307     1.97070
2029.3  1203.49251    11.91595     9.39829     1.94813
2029.4  1237.62972    11.83799     9.44317     1.92368
@                                                                             
@ Some other endogenous variables                                             
@                                                                             
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;                                  
 
          CG          SRZ100      SR          SGP         SSP     
         Level       Level       Level       Level       Level  
2019.1  4657.60800     8.48112   118.67000  -258.92500   -50.17500
2019.2  1199.45500     7.55440   120.29700  -263.87500   -40.37500
2019.3   161.43400     7.09957   112.61200  -266.17500   -54.75000
2019.4  2474.30100     6.93390   102.53300  -254.82500   -62.00000
2020.1 -7756.32500     9.17227    97.86900  -268.87500   -64.32500
2020.2  5764.81400    25.03537   128.42800 -1339.20000    96.32500
2020.3  3316.91500    15.44203   162.73400  -844.15000   -47.27500
2020.4  6448.65700    12.51913   181.66400  -496.17500   -32.27500
2021.1  3285.72500    20.52616   201.28000 -1052.75000   -35.07500
2021.2  4028.22400    10.65655   214.32400  -846.40000   189.72500
2021.3  1048.36700     8.82795   230.48700  -568.10000    45.65000
2021.4  2830.94000     6.90812   230.47900  -387.70000    35.65000
2022.1 -2866.91200     3.89002   276.87300  -231.95000    46.05000
2022.2 -8302.83700     2.50188   260.43300  -236.25000    43.07500
2022.3 -2598.73800     3.37038   228.54400  -257.37500    10.82500
2022.4  1781.11700     3.90148   236.46900  -303.95000   -14.00000
2023.1  2633.91700     5.62079   232.32900  -420.42500   -17.60000
2023.2  2739.55000     6.09455   232.90300  -430.60000   -29.07500
2023.3 -1883.73000     5.63120   230.40200  -430.80000   -46.65000
2023.4  4457.65000     5.72602   249.64200  -435.37500   -34.32500
2024.1  3870.65800     6.37661   268.55800  -450.05000   -39.82500
2024.2   805.39500     5.97796   290.37300  -451.82500   -52.12500
2024.3  3764.45600     5.29884   332.01900  -488.87500   -45.15000
2024.4   417.81200     4.88847   286.15500  -483.60000   -41.85000
2025.1 -1506.92400     5.32711   368.84500  -480.22500   -46.20000
2025.2  4743.67000     5.17114   293.84400  -473.17500   -47.17500
2025.3  4830.33900     4.55067   246.13200  -446.65000   -60.60000
2025.4  1897.11800     3.88538   225.54200  -421.32500   -53.95000
2026.1 -1719.74500     4.03041   251.72300  -451.80000   -55.22500
2026.2  9710.00000     2.91285   257.65000  -460.98863   -57.86939

2026.3   915.89656     3.17531   255.86172  -479.68865   -62.06678
2026.4   931.83149     3.53240   255.38607  -497.52024   -65.59101
2027.1   947.19595     3.87015   255.74634  -516.99444   -69.74736
2027.2   962.48451     4.18059   256.39361  -536.55556   -74.16678
2027.3   977.71812     4.44134   257.04384  -557.46994   -78.89125
2027.4   992.72975     4.66214   257.55288  -578.68853   -83.55499
2028.1  1007.39725     4.85441   258.01342  -599.49652   -87.99031
2028.2  1021.68610     5.02741   258.54818  -619.49544   -92.11078
2028.3  1035.62957     5.18612   259.32152  -638.74356   -95.97579
2028.4  1049.29371     5.33293   260.39780  -657.24925   -99.61851
2029.1  1062.75396     5.46900   261.80763  -675.07736  -103.07508
2029.2  1076.08267     5.59499   263.55839  -692.30822  -106.37904
2029.3  1089.34350     5.71127   265.64452  -709.02630  -109.56063
2029.4  1102.58978     5.81817   268.05211  -725.30845  -112.64303
@                                                                             
@ 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    -7.03302     3.67954    -3.20931     3.85654     2.17784
2026.1     0.70452     3.53058    10.86787     5.20105     7.35409
2026.2    -5.14011     1.83267     4.52907     3.75972    16.47808

2026.3     1.00000     1.00000     2.00000     9.16115     2.00000
2026.4     1.00000     1.00000     2.00000     8.79031     2.00000
2027.1     1.00000     1.00000     2.00000     8.66042     2.00000
2027.2     1.00000     1.00000     2.00000     8.53076     2.00000
2027.3     1.00000     1.00000     2.00000     8.37660     2.00000
2027.4     1.00000     1.00000     2.00000     8.14458     2.00000
2028.1     1.00000     1.00000     2.00000     7.89465     2.00000
2028.2     1.00000     1.00000     2.00000     7.66250     2.00000
2028.3     1.00000     1.00000     2.00000     7.46426     2.00000
2028.4     1.00000     1.00000     2.00000     7.30221     2.00000
2029.1     1.00000     1.00000     2.00000     7.17383     2.00000
2029.2     1.00000     1.00000     2.00000     7.07435     2.00000
2029.3     1.00000     1.00000     2.00000     6.99842     2.00000
2029.4     1.00000     1.00000     2.00000     6.94102     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   657.40000   127.12500    29.05000    82.85000   502.12500    14.55000
2025.4   663.52500   135.42500    29.10000    91.07500   505.12500    13.92500
2026.1   640.77500   147.40000    29.40000    86.55000   513.97500    13.52500
2026.2   643.30000   158.41137    29.40000    81.57500   518.77500    11.22500

2026.3   656.33781   158.55504    29.47323    81.57500   528.98070    11.22500
2026.4   669.27533   162.17880    29.54663    81.57500   538.69647    11.22500
2027.1   681.99096   165.49999    29.62023    81.57500   547.99972    11.22500
2027.2   694.58019   169.00124    29.69400    81.57500   557.10711    11.22500
2027.3   706.67052   172.02016    29.76796    81.57500   565.64948    11.22500
2027.4   718.31670   175.12810    29.84210    81.57500   573.73434    11.22500
2028.1   729.63633   178.48130    29.91643    81.57500   581.52835    11.22500
2028.2   740.75456   182.19468    29.99094    81.57500   589.17521    11.22500
2028.3   751.76249   186.08280    30.06564    81.57500   596.77275    11.22500
2028.4   762.73018   190.10551    30.14052    81.57500   604.38986    11.22500
2029.1   773.71273   194.23505    30.21559    81.57500   612.07509    11.22500
2029.2   784.75132   198.45557    30.29085    81.57500   619.86131    11.22500
2029.3   795.87542   202.75585    30.36629    81.57500   627.76962    11.22500
2029.4   807.10675   207.13565    30.44193    81.57500   635.81353    11.22500
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    -1.67500   492.95000   905.42500     9.97500   248.17500   289.15000
2026.1    -1.75000   496.70000   916.97500    10.40000   249.57500   286.90000
2026.2    -1.75000   497.10000   925.47500     8.47500   259.32500   292.62500

2026.3    -1.75000   504.17809   945.97949     8.47500   262.48415   306.24906
2026.4    -1.75000   510.93998   966.11601     8.47500   265.45585   322.85698
2027.1    -1.75000   517.62423   986.38651     8.47500   268.38103   340.16630
2027.2    -1.75000   524.24714  1006.78174     8.47500   271.25746   357.41001
2027.3    -1.75000   530.72323  1027.23358     8.47500   274.06730   374.61307
2027.4    -1.75000   537.00478  1047.53947     8.47500   276.75793   391.73717
2028.1    -1.75000   543.07737  1067.62902     8.47500   279.31337   408.59999
2028.2    -1.75000   548.95779  1087.51809     8.47500   281.74064   425.14939
2028.3    -1.75000   554.67753  1107.26736     8.47500   284.05810   441.34455
2028.4    -1.75000   560.27257  1126.95004     8.47500   286.28659   457.17196
2029.1    -1.75000   565.77713  1146.63937     8.47500   288.44622   472.65418
2029.2    -1.75000   571.22109  1166.40189     8.47500   290.55469   487.82396
2029.3    -1.75000   576.62933  1186.29462     8.47500   292.62667   502.71570
2029.4    -1.75000   582.02194  1206.36474     8.47500   294.67388   517.36803
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   118.47500
2026.1   118.57500
2026.2   119.62500

2026.3   121.98037
2026.4   124.27635
2027.1   126.57773
2027.2   128.88325
2027.3   131.18414
2027.4   133.45458
2028.1   135.68581
2028.2   137.88008
2028.3   140.04529
2028.4   142.19085
2029.1   144.32607
2029.2   146.45936
2029.3   148.59782
2029.4   150.74728
@                                                                             
@ 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   164.40000    46.57500   474.70000     7.55000   248.17500    -1.70000
2026.1   164.17500    48.60000   481.35000     7.77500   249.57500    -1.70000
2026.2   172.05000    52.23061   489.95000     7.92500   259.32500    -1.65000

2026.3   175.53695    52.04954   495.96278     7.96607   262.48415    -1.65000
2026.4   178.99708    53.02947   502.04935     8.00740   265.45585    -1.65000
2027.1   182.39786    53.91299   508.21062     8.04901   268.38103    -1.65000
2027.2   185.76484    54.85941   514.44750     8.09089   271.25746    -1.65000
2027.3   188.99839    55.65162   520.76092     8.13305   274.06730    -1.65000
2027.4   192.11315    56.48179   527.15182     8.17549   276.75793    -1.65000
2028.1   195.14057    57.40261   533.62115     8.21820   279.31337    -1.65000
2028.2   198.11413    58.45144   540.16987     8.26119   281.74064    -1.65000
2028.3   201.05820    59.56584   546.79896     8.30447   284.05810    -1.65000
2028.4   203.99149    60.73104   553.50941     8.34803   286.28659    -1.65000
2029.1   206.92877    61.93645   560.30221     8.39187   288.44622    -1.65000
2029.2   209.88103    63.17556   567.17837     8.43601   290.55469    -1.65000
2029.3   212.85616    64.44360   574.13891     8.48043   292.62667    -1.65000
2029.4   215.85997    65.73965   581.18488     8.52515   294.67388    -1.65000
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   842.92500   283.00000     9.57500    39.00000    13.90000   163.40000
2026.1   857.47500   284.70000     9.10000    37.17500    14.50000   166.90000
2026.2   889.42500   288.00000     8.85000    36.57500    15.12500   169.42500

2026.3   901.81067   294.38082     9.00000    37.43983    15.12500   172.34006
2026.4   913.59273   300.64714     9.00000    39.27149    15.12500   175.15619
2027.1   925.20760   306.95515     9.00000    41.72632    15.12500   177.96518
2027.2   936.68193   313.30197     9.00000    44.59324    15.12500   180.76526
2027.3   947.86483   319.66641     9.00000    47.74043    15.12500   183.54415
2027.4   958.66474   325.98543     9.00000    51.07593    15.12500   186.26594
2028.1   969.05639   332.23713     9.00000    54.53646    15.12500   188.91878
2028.2   979.07193   338.42644     9.00000    58.08095    15.12500   191.50625
2028.3   988.77039   344.57225     9.00000    61.68346    15.12500   194.03973
2028.4   998.21857   350.69733     9.00000    65.32675    15.12500   196.53258
2029.1  1007.47977   356.82448     9.00000    68.99923    15.12500   198.99788
2029.2  1016.60924   362.97441     9.00000    72.69336    15.12500   201.44733
2029.3  1025.65288   369.16486     9.00000    76.40442    15.12500   203.89077
2029.4  1034.64770   375.41051     9.00000    80.12950    15.12500   206.33616
@                                                                             
@ 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   183.33600    19.80900    56.45700   286.15500  -565.62500   -48.05700
2025.1   211.29200   -51.24800    40.75100   368.84500  -536.58500   -71.35500
2025.2   181.84000    -6.57500    66.17500   293.84400  -520.75800   -76.42700
2025.3   154.00300    24.63600    79.25700   246.13200  -493.47700   -89.37800
2025.4   118.91000    44.15400    98.24500   225.54200  -467.07800   -77.12500
2026.1   133.40000   201.83500    86.83800   251.72300  -661.87600   -86.54500
2026.2    69.47157   113.72502    83.27205   257.65000  -479.45325  -119.29039

2026.3    85.61151   123.63122    83.19051   255.86172  -498.33380  -124.58616
2026.4   107.46316   125.04359    83.00413   255.38607  -516.34114  -129.18080
2027.1   128.79126   128.47052    82.76790   255.74634  -535.99136  -134.40966
2027.2   148.28834   133.84946    82.47536   256.39361  -555.72871  -139.90307
2027.3   164.42445   144.28980    82.13459   257.04384  -576.81877  -145.69891
2027.4   177.77351   157.96362    81.71493   257.55288  -598.21054  -151.41939
2028.1   188.92754   173.30727    81.20803   258.01342  -619.18856  -156.89271
2028.2   198.34243   189.25620    80.61617   258.54818  -639.35453  -162.03346
2028.3   206.32780   205.45089    79.94681   259.32152  -658.76734  -166.90468
2028.4   213.08987   221.65933    79.20799   260.39780  -677.43612  -171.54388
2029.1   218.74864   237.82932    78.40736   261.80763  -695.42642  -175.99152
2029.2   223.36681   254.00256    77.55149   263.55839  -712.81924  -180.28501
2029.3   226.98423   270.25806    76.64566   265.64452  -729.69959  -184.45788
2029.4   229.63387   286.67591    75.69388   268.05211  -746.14479  -188.53599
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  6013.95000     1.30735     0.48367
2026.1  6045.07500     1.31815     2.08631
2026.2  6067.65000     1.33916     1.50217

2026.3  6118.70196     1.35547     3.40823
2026.4  6161.56382     1.37082     2.83160
2027.1  6199.46396     1.38592     2.48322
2027.2  6236.80532     1.40078     2.43118
2027.3  6267.71704     1.41529     1.99732
2027.4  6296.93343     1.42918     1.87764
2028.1  6326.71542     1.44238     1.90530
2028.2  6358.06218     1.45491     1.99664
2028.3  6391.07131     1.46688     2.09291
2028.4  6425.64646     1.47839     2.18159
2029.1  6461.64528     1.48954     2.25985
2029.2  6498.91893     1.50043     2.32742
2029.3  6537.32751     1.51113     2.38504
2029.4  6576.75908     1.52170     2.43462
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     1.39200     1.37600
2021.2     0.19224     0.10657     1.39500     1.37667
2021.3     0.18448     0.08828     1.38900     1.38067
2021.4     0.17416     0.06908     1.38100     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     1.34400     1.33000
2023.1     0.17406     0.05621     1.33500     1.31800
2023.2     0.17657     0.06095     1.32900     1.31133
2023.3     0.18094     0.05631     1.32100     1.31367
2023.4     0.18430     0.05726     1.31400     1.30967
2024.1     0.17953     0.06377     1.30700     1.30200
2024.2     0.18131     0.05978     1.30700     1.29933
2024.3     0.18049     0.05299     1.31300     1.30500
2024.4     0.18338     0.04888     1.31800     1.30933
2025.1     0.15938     0.05327     1.32200     1.30800
2025.2     0.16226     0.05171     1.33000     1.30900
2025.3     0.16915     0.04551     1.33500     1.30900
2025.4     0.16966     0.03885     1.34100     1.30900
2026.1     0.17757     0.04030     1.35200     1.30900
2026.2     0.19727     0.02913     1.35200     1.30900

2026.3     0.19230     0.03175     1.35200     1.30900
2026.4     0.19429     0.03532     1.35200     1.30900
2027.1     0.19583     0.03870     1.35200     1.30900
2027.2     0.19773     0.04181     1.35200     1.30900
2027.3     0.19895     0.04441     1.35200     1.30900
2027.4     0.20051     0.04662     1.35200     1.30900
2028.1     0.20260     0.04854     1.35200     1.30900
2028.2     0.20536     0.05027     1.35200     1.30900
2028.3     0.20840     0.05186     1.35200     1.30900
2028.4     0.21161     0.05333     1.35200     1.30900
2029.1     0.21491     0.05469     1.35200     1.30900
2029.2     0.21827     0.05595     1.35200     1.30900
2029.3     0.22163     0.05711     1.35200     1.30900
2029.4     0.22500     0.05818     1.35200     1.30900