Forecasts of Selected Variables: April 30, 2022
@            Actual and Forecast Values for Selected Variables                
@                                                                             
@ Real GDP and its Endogenous Components                                      
@                                                                             
PRINTVAR FIXEDF LEVELS PCHANGES GDPR CS CN CD IHH IKF IM;                     
 
          GDPR        GDPR        CS          CS          CN          CN      
         Level      %Change      Level      %Change      Level      %Change 
2017.1  4474.15000     1.89969  2018.00000     2.68541   699.35000     3.83573
2017.2  4499.22500     2.26068  2022.02500     0.80021   706.67500     4.25589
2017.3  4531.57500     2.90722  2028.70000     1.32701   709.90000     1.83798
2017.4  4574.15000     3.81137  2041.37500     2.52266   718.22500     4.77396
2018.1  4609.07500     3.08928  2055.95000     2.88665   718.82500     0.33458
2018.2  4647.50000     3.37666  2071.82500     3.12455   723.82500     2.81148
2018.3  4669.90000     1.94190  2084.92500     2.55326   728.15000     2.41159
2018.4  4680.35000     0.89810  2092.92500     1.54368   732.82500     2.59299
2019.1  4708.30000     2.41019  2094.42500     0.28699   737.17500     2.39560
2019.2  4745.65000     3.21108  2105.05000     2.04469   746.32500     5.05811
2019.3  4778.20000     2.77192  2117.75000     2.43517   752.02500     3.09015
2019.4  4800.57500     1.88629  2126.47500     1.65819   752.50000     0.25289
2020.1  4738.00000    -5.11290  2071.12500   -10.01210   765.45000     7.06346
2020.2  4314.55000   -31.23589  1804.32500   -42.39850   737.27500   -13.93021
2020.3  4640.20000    33.78418  1953.77500    37.47987   789.97500    31.80605
2020.4  4691.95000     4.53620  1979.22500     5.31312   787.75000    -1.12187
2021.1  4763.92500     6.27868  1998.35000     3.92153   817.32500    15.88454
2021.2  4842.07500     6.72505  2053.55000    11.51542   844.30000    13.86966
2021.3  4869.75000     2.30589  2094.62500     8.24404   848.50000     2.00471
2021.4  4951.57500     6.89239  2111.52500     3.26658   849.27500     0.36585
2022.1  4933.97500    -1.41421  2133.72500     4.27228   843.97500    -2.47298

2022.2  4979.73633     3.76183  2168.49633     6.67950   841.70405    -1.07198
2022.3  5051.01076     5.84925  2202.12574     6.34907   840.38734    -0.62427
2022.4  5109.50380     4.71327  2229.88755     5.13889   838.68981    -0.80553
2023.1  5153.46421     3.48613  2255.11016     4.60181   837.50452    -0.56411
2023.2  5191.29576     2.96889  2277.93268     4.11001   836.73735    -0.36590
2023.3  5225.49517     2.66129  2298.69242     3.69550   836.31737    -0.20062
2023.4  5254.09935     2.20763  2316.99223     3.22261   835.92172    -0.18910
2024.1  5279.05723     1.91365  2333.71458     2.91831   835.83875    -0.03970
2024.2  5302.26012     1.76973  2349.07611     2.65909   836.02102     0.08726
2024.3  5324.90827     1.71954  2363.29647     2.44352   836.43895     0.20011
2024.4  5347.62180     1.71716  2376.59321     2.26961   837.07476     0.30440
2025.1  5369.92505     1.67874  2388.98406     2.10185   837.91727     0.40321
2025.2  5392.14755     1.66563  2400.67353     1.97164   838.94017     0.48920
2025.3  5414.85398     1.69508  2411.83395     1.87255   840.12315     0.56523
2025.4  5438.48403     1.75703  2422.60171     1.79782   841.45301     0.63468
 
          CD          CD          IHH         IHH         IKF         IKF     
         Level      %Change      Level      %Change      Level      %Change 
2017.1   380.92500     2.75027   126.73577    11.73066   515.12115     6.97026
2017.2   385.02500     4.37532   127.63550     2.87009   523.06450     6.31229
2017.3   394.05000     9.71086   127.32332    -0.97474   524.35068     0.98720
2017.4   408.32500    15.29715   129.73165     7.78340   534.25762     7.77438
2018.1   411.95000     3.59866   128.20309    -4.63035   547.58966    10.36162
2018.2   419.05000     7.07433   128.83314     1.98034   558.50650     8.21612
2018.3   423.00000     3.82408   127.12950    -5.18546   561.89892     2.45187
2018.4   424.17500     1.11575   124.65373    -7.56514   565.75294     2.77192
2019.1   423.37500    -0.75227   124.14044    -1.63695   570.75483     3.58363
2019.2   434.35000    10.77926   124.80478     2.15784   581.72857     7.91534
2019.3   443.27500     8.47600   126.19204     4.52086   585.32852     2.49842
2019.4   448.65000     4.93920   126.82612     2.02509   579.94768    -3.62675
2020.1   434.57500   -11.97049   132.05018    17.52255   568.90429    -7.40201
2020.2   432.92500    -1.51010   119.63910   -32.61913   526.19302   -26.81476
2020.3   507.65000    89.06315   134.97048    61.98044   535.13119     6.96968
2020.4   509.10000     1.14742   146.36204    38.27976   552.63828    13.74251
2021.1   563.37500    49.96085   148.67556     6.47423   570.83678    13.83713
2021.2   579.05000    11.60251   141.71147   -17.46053   585.21014    10.45861
2021.3   539.62500   -24.57697   139.44540    -6.24449   590.08655     3.37499
2021.4   542.97500     2.50643   141.32584     5.50413   596.02857     4.08915
2022.1   548.50000     4.13272   142.05484     2.07935   609.32152     9.22392

2022.2   545.18689    -2.39432   147.67080    16.77619   622.36463     8.84126
2022.3   540.92823    -3.08813   153.67063    17.26949   632.18293     6.46122
2022.4   534.47809    -4.68505   153.50395    -0.43316   643.83324     7.57777
2023.1   527.54583    -5.08800   154.78181     3.37165   648.96137     3.22427
2023.2   520.27759    -5.39813   156.86332     5.48871   659.02470     6.34850
2023.3   512.76388    -5.65275   159.29062     6.33474   668.75353     6.03704
2023.4   504.67443    -6.16270   159.76720     1.20213   676.65259     4.80901
2024.1   496.62013    -6.23256   160.81773     2.65621   682.86683     3.72443
2024.2   488.70301    -6.22593   161.94139     2.82430   687.95023     3.01110
2024.3   481.01913    -6.14242   162.93901     2.48701   692.17490     2.47910
2024.4   473.64939    -5.98903   163.79458     2.11694   695.67200     2.03630
2025.1   466.70333    -5.73821   164.77467     2.41505   698.58785     1.68714
2025.2   460.22933    -5.43432   165.68189     2.22058   701.06044     1.42330
2025.3   454.26888    -5.08065   166.44892     1.86471   703.24294     1.25108
2025.4   448.85891    -4.67925   167.11399     1.60785   705.26544     1.15536
 
          IM          IM      
         Level      %Change 
2017.1   809.67500     5.91544
2017.2   818.35000     4.35504
2017.3   818.05000    -0.14656
2017.4   839.10000    10.69691
2018.1   844.50000     2.59914
2018.2   847.50000     1.42855
2018.3   859.85000     5.95756
2018.4   868.00000     3.84560
2019.1   868.00000     0.00000
2019.2   871.65000     1.69267
2019.3   869.35000    -1.05130
2019.4   850.22500    -8.51353
2020.1   820.97500   -13.06708
2020.2   679.42500   -53.09206
2020.3   796.87500    89.23206
2020.4   852.95000    31.26033
2021.1   872.10000     9.28759
2021.2   887.17500     7.09570
2021.3   897.40000     4.69045
2021.4   935.17500    17.93081
2022.1   974.05000    17.69376

2022.2   957.51325    -6.61993
2022.3   948.22743    -3.82308
2022.4   943.35546    -2.03941
2023.1   941.66787    -0.71365
2023.2   941.64171    -0.01111
2023.3   942.24582     0.25687
2023.4   942.75788     0.21756
2024.1   943.86870     0.47214
2024.2   944.90732     0.44088
2024.3   945.52223     0.26056
2024.4   945.60432     0.03473
2025.1   946.21836     0.26000
2025.2   946.65476     0.18461
2025.3   946.58720    -0.02855
2025.4   945.99582    -0.24967
PRINTVAR FIXEDF LEVELS IVF;                                                   
 
          IVF     
         Level  
2017.1    -3.25000
2017.2     4.62500
2017.3    20.85000
2017.4    11.40000
2018.1    15.87500
2018.2     2.77500
2018.3    25.25000
2018.4    21.82500
2019.1    32.92500
2019.2    21.07500
2019.3    17.07500
2019.4     4.07500
2020.1    -7.60000
2020.2   -63.20000
2020.3     6.32500
2020.4    22.20000
2021.1   -22.07500
2021.2   -42.12500
2021.3   -16.70000
2021.4    48.30000
2022.1    39.67500

2022.2     8.89426
2022.3    14.73208
2022.4    24.85589
2023.1    31.09597
2023.2    29.32421
2023.3    26.37550
2023.4    24.40519
2024.1    21.60025
2024.2    18.85530
2024.3    16.65863
2024.4    15.12401
2025.1    14.31012
2025.2    13.66830
2025.3    13.15612
2025.4    12.86344
@                                                                             
@ Prices and Wages                                                            
@                                                                             
PRINTVAR FIXEDF PCHANGES GDPD PF WF WR ;                                      
 
          GDPD        PF          WF          WR      
        %Change     %Change     %Change     %Change 
2017.1     1.85886     1.86353     5.10312     3.18033
2017.2     1.46222     0.94077     0.39531    -0.54037
2017.3     2.00580     1.95333     4.95425     2.94343
2017.4     2.87600     2.52355     4.78893     2.20961
2018.1     2.19584     1.90042     2.40705     0.49718
2018.2     3.32818     3.23335     1.11128    -2.05560
2018.3     1.59623     1.61270     4.84274     3.17877
2018.4     2.10420     1.23503     2.40629     1.15696
2019.1     1.22652     0.93356     7.63227     6.63676
2019.2     2.30805     2.66962     1.47773    -1.16090
2019.3     1.30851     0.72998     1.39819     0.66337
2019.4     1.65414     1.26005     5.66484     4.34998
2020.1     1.00404     0.41619    10.53055    10.07245
2020.2    -1.40941    -4.65711    29.99562    36.34538
2020.3     3.94852     5.24023    -3.11423    -7.93846
2020.4     2.48005     3.06248     3.38516     0.31310
2021.1     3.50934     3.90283    -2.52438    -6.18579
2021.2     6.23687     5.29399    10.49258     4.93721
2021.3     5.92544     7.33228     5.27243    -1.91914
2021.4     7.14249     8.31407     6.90206    -1.30363
2022.1     8.01031     8.15189     2.86032    -4.89271

2022.2     5.10982     4.92582     5.51119     0.55789
2022.3     6.07647     5.66309     6.22340     0.53029
2022.4     6.28511     6.04349     6.60285     0.52748
2023.1     6.34888     6.02737     6.61332     0.55264
2023.2     6.05534     5.77609     6.40452     0.59411
2023.3     5.73303     5.44756     6.12282     0.64038
2023.4     5.35109     5.10937     5.83096     0.68651
2024.1     5.07619     4.81166     5.57549     0.72876
2024.2     4.84987     4.58287     5.38286     0.76494
2024.3     4.69106     4.43063     5.26024     0.79441
2024.4     4.60059     4.34935     5.20246     0.81755
2025.1     4.57789     4.32377     5.19539     0.83550
2025.2     4.58388     4.34147     5.22755     0.84921
2025.3     4.61877     4.39388     5.29098     0.85935
2025.4     4.68194     4.47441     5.37962     0.86644
@                                                                             
@ Interest Rates and Money                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS RS RB RM M1 PCM1 UBR;                                  
 
          RS          RB          RM          M1          PCM1        UBR     
         Level       Level       Level       Level       Level       Level  
2017.1     0.59000     3.96000     4.17333  3913.06800    21.42734  2156.87100
2017.2     0.89000     3.80000     3.98667  3990.54800     8.15848  1986.81400
2017.3     1.03667     3.65333     3.88667  4000.64200     1.01564  2077.73800
2017.4     1.20667     3.56000     3.92333  4043.57100     4.36179  1956.41200
2018.1     1.56000     3.74667     4.26883  4143.16500    10.22209  2114.58900
2018.2     1.84000     3.93667     4.54117  4103.08600    -3.81362  1894.22100
2018.3     2.04000     3.91000     4.57000  4113.00100     0.97010  1776.76300
2018.4     2.31667     4.12667     4.78000  4185.88400     7.27870  1563.43400
2019.1     2.38667     3.83000     4.36667  4146.91400    -3.67226  1588.31900
2019.2     2.30000     3.59333     4.00333  4245.30900     9.83408  1428.87800
2019.3     1.98000     3.10000     3.66667  4368.48100    12.12038  1434.68900
2019.4     1.57667     3.02667     3.70333  4456.57200     8.31333  1556.34800
2020.1     1.11000     2.91333     3.51333  5266.27600    94.98929  2405.19000
2020.2     0.14333     2.45667     3.23333  6004.46400    68.99837  2711.11300
2020.3     0.11333     2.23333     2.95000  6228.96400    15.81540  2684.15800
2020.4     0.09333     2.30333     2.76000  7403.59100    99.57512  2957.89900
2021.1     0.05000     2.73000     2.87667  7925.31700    31.30973  3638.87500
2021.2     0.02667     2.88333     3.00000  8337.37500    22.47594  3477.35100
2021.3     0.04667     2.55000     2.87000  8717.65300    19.53111  3850.13700
2021.4     0.05333     2.64667     3.08000  8958.32100    11.50855  3638.55000
2022.1     0.30667     3.20333     3.79333  9083.33574     5.70000  3638.55000

2022.2     1.50000     3.61938     4.11606  9207.38476     5.57563  3638.55000
2022.3     2.00000     3.79382     4.42854  9344.89979     6.10929  3638.55000
2022.4     2.50000     3.99053     4.70048  9485.72039     6.16532  3638.55000
2023.1     2.50000     4.05815     4.85586  9631.47718     6.28949  3638.55000
2023.2     2.50000     4.12800     4.94734  9776.86901     6.17630  3638.55000
2023.3     2.50000     4.19192     5.02791  9921.15138     6.03497  3638.55000
2023.4     2.50000     4.25051     5.09887 10063.01587     5.84353  3638.55000
2024.1     2.50000     4.30424     5.16136 10203.81421     5.71523  3638.55000
2024.2     2.50000     4.35351     5.21641 10344.08998     5.61339  3638.55000
2024.3     2.50000     4.39869     5.26489 10484.78629     5.55266  3638.55000
2024.4     2.50000     4.44013     5.30758 10626.96137     5.53538  3638.55000
2025.1     2.50000     4.47813     5.34519 10771.75421     5.56242  3638.55000
2025.2     2.50000     4.51298     5.37831 10919.70168     5.60813  3638.55000
2025.3     2.50000     4.54494     5.40748 11071.39096     5.67339  3638.55000
2025.4     2.50000     4.57426     5.43317 11227.44405     5.75839  3638.55000
@                                                                             
@ Unemployment Rate and Unemployment                                          
@                                                                             
PRINTVAR FIXEDF LEVELS UR100 U;                                               
 
          UR100       U       
         Level       Level  
2017.1     4.57007     7.31511
2017.2     4.36133     6.99604
2017.3     4.31921     6.95196
2017.4     4.17605     6.71157
2018.1     4.03226     6.51001
2018.2     3.92576     6.35496
2018.3     3.78536     6.12959
2018.4     3.83545     6.24173
2019.1     3.82955     6.26278
2019.2     3.62919     5.92679
2019.3     3.60935     5.92873
2019.4     3.59927     5.93870
2020.1     3.80091     6.27267
2020.2    12.98325    20.66765
2020.3     8.81521    14.22971
2020.4     6.77668    10.96786
2021.1     6.20769    10.04375
2021.2     5.89759     9.57835
2021.3     5.09614     8.30368
2021.4     4.21860     6.89920
2022.1     3.80724     6.24500

2022.2     3.43712     5.64865
2022.3     3.20382     5.27686
2022.4     3.10298     5.12277
2023.1     3.13394     5.18604
2023.2     3.25400     5.39686
2023.3     3.42499     5.69242
2023.4     3.63265     6.04922
2024.1     3.86042     6.43971
2024.2     4.09147     6.83575
2024.3     4.31246     7.21500
2024.4     4.51493     7.56323
2025.1     4.69789     7.87870
2025.2     4.86110     8.16101
2025.3     5.00362     8.40861
2025.4     5.12452     8.61997
@                                                                             
@ 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 
2017.1     0.78036     0.79277     4.18986   -24.27608     1.75086     2.88999
2017.2    -0.15298     2.04139     0.85683    -2.96886     1.70820     1.73192
2017.3     0.86408     1.08733     2.10159   -13.01224     1.10938     1.55187
2017.4     0.84805    -1.06909    -1.51358    62.90302     2.20142     0.01736
2018.1     2.53625     0.40286     2.32222    -1.41007     2.55145     2.43239
2018.2     0.50245     0.64386     1.93958     2.86645     1.64194     1.50468
2018.3    -1.15378     2.06601    -0.21609     9.84033     1.21674     0.70631
2018.4     1.48801     1.63136     2.78534     1.16712     1.97465     1.78577
2019.1     2.36034     0.09154     3.13207   -23.77231     0.72296     1.98743
2019.2    -1.61230    -0.00855     0.01049    13.71788     0.72446     0.26860
2019.3     0.42531     1.80131     4.59728    -7.70309     2.22933     2.41468
2019.4     1.05727     3.57970     1.04737   -21.19777     0.60784     1.83173
2020.1     0.35217    -0.25969     0.10198   -37.98211    -3.15559    -0.74712
2020.2    -8.31453   -11.36440   -19.32017   190.10925   -40.22595   -41.74245
2020.3     2.75201     2.82010    11.04557   -41.12442    26.06642    27.19058
2020.4    -0.35915    -0.54162     3.71897   -67.64162     6.69866    10.29953
2021.1     0.86346     1.54930    -2.37637    60.47743     4.13952     2.31024
2021.2     1.86194     1.26436     1.40047    63.79221     4.87404     2.85427
2021.3     1.63304     1.29692     0.97866     4.56455     5.14386     4.75860
2021.4    -0.26327     1.37940     3.22750   -24.81232     4.53073     5.24595
2022.1     1.38221     2.62028    -0.15342    55.75065     5.10037     2.91683

2022.2     0.16673     0.50188     1.53083    19.90198     3.28270     2.30411
2022.3     0.25099     0.67286     1.63751    19.24063     2.77446     1.84694
2022.4     0.30292     0.74677     1.68446    17.75431     2.19003     1.35230
2023.1     0.32515     0.73709     1.66844    15.56733     1.51458     0.80677
2023.2     0.32711     0.67723     1.60836    13.07385     0.97265     0.40165
2023.3     0.31741     0.59489     1.52278    10.57542     0.57218     0.13385
2023.4     0.29966     0.50091     1.41961     8.16970     0.21694    -0.08842
2024.1     0.27810     0.40680     1.30682     5.94997    -0.06805    -0.24798
2024.2     0.25643     0.32211     1.19309     3.99307    -0.26756    -0.33636
2024.3     0.23746     0.25330     1.08534     2.34098    -0.38658    -0.36223
2024.4     0.22282     0.20318     0.98800     1.00023    -0.44091    -0.34222
2025.1     0.21254     0.16998     0.90169    -0.06612    -0.46482    -0.30731
2025.2     0.20646     0.15169     0.82664    -0.89316    -0.46332    -0.26120
2025.3     0.20447     0.14681     0.76325    -1.50631    -0.43438    -0.20128
2025.4     0.20645     0.15408     0.71184    -1.92687    -0.37919    -0.12782
@                                                                             
@ Profits and Productivity                                                    
@                                                                             
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;                                
 
          PIEF        PIEF        PROD100     PROD100 
         Level      %Change      Level      %Change 
2017.1   326.98267    25.70276     6.99627   -99.00000
2017.2   326.23600    -0.91029     6.98885    -0.42326
2017.3   323.16300    -3.71492     7.05791     4.01156
2017.4   282.33500   -41.73975     7.07451     0.94416
2018.1   306.42700    38.75519     7.09445     1.13184
2018.2   318.37610    16.53429     7.11660     1.25474
2018.3   329.57100    14.82438     7.13960     1.29919
2018.4   329.11200    -0.55593     7.13234    -0.40640
2019.1   303.52000   -27.66069     7.19324     3.45984
2019.2   304.96700     1.92064     7.24000     2.62577
2019.3   290.09400   -18.12645     7.25663     0.92188
2019.4   309.29300    29.21870     7.28664     1.66445
2020.1   251.98072   -55.94564     7.26365    -1.25590
2020.2   227.58000   -33.46240     7.56584    17.70865
2020.3   376.22251   646.86608     7.60932     2.31874
2020.4   380.82496     4.98385     7.52139    -4.54301
2021.1   431.20800    64.37873     7.54668     1.35189
2021.2   507.95500    92.55452     7.59535     2.60465
2021.3   501.59500    -4.91504     7.50701    -4.57172
2021.4   511.45500     8.09782     7.59539     4.79279
2022.1   463.23077   -32.70855     7.47938    -5.97085

2022.2   450.41735   -10.61372     7.48704     0.41017
2022.3   485.30202    34.76836     7.53463     2.56698
2022.4   510.80395    22.73505     7.57860     2.35481
2023.1   532.01198    17.67079     7.61833     2.11362
2023.2   552.03837    15.92882     7.66075     2.24601
2023.3   571.34619    14.74144     7.70593     2.37995
2023.4   587.28097    11.63140     7.75068     2.34311
2024.1   601.21595     9.83437     7.79581     2.34977
2024.2   615.51370     9.85730     7.84185     2.38324
2024.3   630.87291    10.36125     7.88867     2.40943
2024.4   647.28673    10.82029     7.93580     2.41150
2025.1   664.11897    10.81454     7.98222     2.35998
2025.2   681.32786    10.77482     8.02787     2.30771
2025.3   699.23052    10.93202     8.07298     2.26657
2025.4   718.10726    11.24379     8.11763     2.23044
@                                                                             
@ Some other endogenous variables                                             
@                                                                             
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;                                  
 
          CG          SRZ100      SR          SGP         SSP     
         Level       Level       Level       Level       Level  
2017.1  1485.38100     7.29548    91.69400  -171.00000   -60.90000
2017.2   844.81300     7.72298   110.52800  -177.00000   -67.97500
2017.3  1257.14400     7.73612    96.00800  -182.37500   -59.10000
2017.4  2035.39200     7.18971    90.63000  -190.35000   -42.82500
2018.1  -101.88900     7.74864    99.92300  -227.42500   -41.95000
2018.2   797.68600     7.71939    96.83800  -232.20000   -55.30000
2018.3  1303.33600     7.82184   122.35400  -225.35000   -50.00000
2018.4 -4242.76200     8.11277   125.86000  -243.10000   -50.05000
2019.1  4452.00700     8.83300   132.19400  -253.90000   -42.05000
2019.2  1263.23000     7.64150   127.49600  -258.27500   -31.95000
2019.3   213.42300     7.43242   120.18600  -270.22500   -38.05000
2019.4  3029.53200     7.58772   106.84600  -265.10000   -38.27500
2020.1 -7746.59200    10.00873   115.99800  -289.52500   -33.65000
2020.2  5934.29200    26.84605   132.98000 -1406.37500   138.30000
2020.3  3289.67700    16.45938   166.81200  -879.10000   -16.60000
2020.4  6843.71800    13.92270   177.11000  -535.02500   -12.07500
2021.1  3139.08200    20.94099   205.03100 -1022.22500    -3.22500
2021.2  3313.75500    11.14530   201.84700  -828.15000   207.12500
2021.3   764.44500     9.72933   212.64600  -558.87500    51.40000
2021.4  3489.73800     7.84396   215.33700  -379.27500    21.47500
2022.1 -2358.00000     6.73638   266.85000  -318.61144    19.80142

2022.2   635.39737     7.82666   256.54468  -360.67554     3.88500
2022.3   647.84660     7.68934   248.29589  -368.83114     6.86121
2022.4   661.70251     5.79583   244.53889  -283.45846     8.59410
2023.1   676.46087     5.72179   244.28710  -296.20932     9.26670
2023.2   691.52478     5.60829   246.30454  -310.68720     9.44309
2023.3   706.50389     5.49118   249.73428  -326.37133     9.00850
2023.4   721.24675     4.77957   253.99925  -310.44697     8.01854
2024.1   735.70608     4.67022   259.79153  -327.62637     6.49475
2024.2   749.92411     4.56437   266.02777  -345.30654     4.83092
2024.3   763.99966     4.47332   272.07739  -363.20360     2.97416
2024.4   778.05598     4.40081   277.62791  -381.01335     0.83859
2025.1   792.21655     4.34240   283.95786  -398.83814    -1.28975
2025.2   806.58557     4.30194   290.08765  -416.79646    -3.66922
2025.3   821.24983     4.27414   295.45748  -434.82527    -5.96928
2025.4   836.28520     4.25957   299.90172  -452.72768    -8.29927
@                                                                             
@ Selected exogenous variables                                                
@                                                                             
PRINTVAR FIXEDF PCHANGES COG COS EX TRGH PIM ;                                
 
          COG         COS         EX          TRGH        PIM     
        %Change     %Change     %Change     %Change     %Change 
2017.1    -4.21974    -0.05008     9.84439     6.39076     4.07591
2017.2     5.66070    -1.54408     1.61322     2.86591     0.67447
2017.3    -0.44668    -2.34302     2.71171     3.63200     0.60287
2017.4     7.09955     2.86354     9.71938     3.67951     4.87748
2018.1     2.81795     0.10052     1.80965     9.61117     6.47228
2018.2     6.67106     2.27940     4.99978     2.92335     1.64374
2018.3     4.47131    -2.13035    -6.11470     3.20924     0.61127
2018.4     4.12911    -5.45827     0.49519     3.52722    -2.49006
2019.1     4.86090     9.15938     3.12971    14.53717    -4.60255
2019.2     6.92677     4.81751    -2.15416     3.26858     2.76781
2019.3     4.20436    -1.76078    -0.85102     3.33275    -3.90023
2019.4     4.76544     0.39624     1.17332     3.41318    -2.10636
2020.1     2.37965    12.88165   -16.33142    10.61627    -1.24437
2020.2    28.07761    15.81487   -59.93023   511.87915   -11.95291
2020.3   -10.22913   -11.01821    54.54306   -72.66431     7.91759
2020.4    -2.87386     7.83184    22.50927   -21.98707     2.20197
2021.1    16.94907    -1.99241    -2.90850   904.69474    13.26198
2021.2    -7.63457    -3.79235     7.61463   -83.19677    13.42594
2021.3    -6.50519     0.56973    -5.30838    -3.85791     6.10451
2021.4    -5.54776    -3.08604    22.35798     4.94328     5.61987
2022.1    -7.85742    -3.20313    -5.89280    -4.73724    13.86130

2022.2     3.00000     3.00000     5.00000    76.69480     9.00000
2022.3     3.00000     3.00000     5.00000     8.75747     9.00000
2022.4     3.00000     3.00000     5.00000   -32.58334     9.00000
2023.1     3.00000     3.00000     5.00000     9.41907     9.00000
2023.2     3.00000     3.00000     5.00000     9.09512     9.00000
2023.3     3.00000     3.00000     5.00000     8.81443     9.00000
2023.4     3.00000     3.00000     5.00000    -7.79964     9.00000
2024.1     3.00000     3.00000     5.00000     8.22049     9.00000
2024.2     3.00000     3.00000     5.00000     7.96411     9.00000
2024.3     3.00000     3.00000     5.00000     7.85024     9.00000
2024.4     3.00000     3.00000     5.00000     7.73341     9.00000
2025.1     3.00000     3.00000     5.00000     7.68675     9.00000
2025.2     3.00000     3.00000     5.00000     7.74091     9.00000
2025.3     3.00000     3.00000     5.00000     7.75320     9.00000
2025.4     3.00000     3.00000     5.00000     7.86490     9.00000
@                                                                             
@ Federal Government Budget                                                   
@                                                                             
PRINTVAR FIXEDF LEVELS THG TCG IBTG SIG TRFG DG;                              
 
          THG         TCG         IBTG        SIG         TRFG        DG      
         Level       Level       Level       Level       Level       Level  
2017.1   395.07500    58.32500    33.25000   315.62500    16.27500   -32.10000
2017.2   400.17500    60.40000    34.52500   318.77500    10.62500   -26.87500
2017.3   405.95000    63.85000    34.55000   322.55000    10.70000   -23.57500
2017.4   412.35000    62.82500    35.32500   327.22500    10.77500   -21.15000
2018.1   399.30000    47.30000    39.55000   332.12500    13.02500   -19.60000
2018.2   401.85000    52.57500    41.27500   334.50000    10.97500   -17.75000
2018.3   406.77500    53.32500    42.62500   338.47500    15.40000   -21.27500
2018.4   408.52500    55.62500    48.00000   340.35000     9.10000   -20.37500
2019.1   424.10000    52.80000    45.45000   348.10000     8.30000   -16.00000
2019.2   425.47500    54.72500    45.17500   349.82500     8.85000   -18.77500
2019.3   426.95000    51.62500    45.92500   351.72500    12.85000   -13.40000
2019.4   432.15000    57.85000    46.55000   356.60000     8.12500   -15.65000
2020.1   434.47500    41.67500    48.50000   364.27500     8.70000   -18.32500
2020.2   395.37500    41.85000    35.85000   347.90000     9.07500   -22.47500
2020.3   415.55000    52.92500    38.90000   360.95000    10.12500   -27.12500
2020.4   434.22500    56.27500    40.25000   371.50000    10.77500   -22.90000
2021.1   462.97500    61.60000    42.75000   379.47500     9.02500   -21.07500
2021.2   486.52500    68.77500    45.75000   388.92500     8.47500   -27.97500
2021.3   509.00000    71.47500    44.70000   398.60000     8.27500   -30.90000
2021.4   528.95000    70.30000    46.12500   407.52500     8.27500   -31.55000
2022.1   532.72500    67.98856    50.10000   417.42500     7.90000   -36.75000

2022.2   543.86023    68.40520    51.29650   426.36042     7.90000   -36.75000
2022.3   556.78051    71.24095    52.56247   436.70673     7.90000   -36.75000
2022.4   569.50103    73.68006    53.75817   446.61670     7.90000   -36.75000
2023.1   581.20107    75.95179    54.93021   455.38078     7.90000   -36.75000
2023.2   592.00530    78.16316    56.05900   463.21716     7.90000   -36.75000
2023.3   602.10785    80.33084    57.13849   470.33325     7.90000   -36.75000
2023.4   611.43490    82.31765    58.14820   476.69689     7.90000   -36.75000
2024.1   620.17041    84.20068    59.11732   482.47506     7.90000   -36.75000
2024.2   628.54467    86.09783    60.05682   487.90186     7.90000   -36.75000
2024.3   636.78063    88.05047    60.97927   493.18852     7.90000   -36.75000
2024.4   645.05528    90.06704    61.89699   498.49887     7.90000   -36.75000
2025.1   653.45506    92.12656    62.81770   503.89958     7.90000   -36.75000
2025.2   662.06747    94.23159    63.75096   509.46670     7.90000   -36.75000
2025.3   670.98845    96.40230    64.70479   515.28575     7.90000   -36.75000
2025.4   680.30429    98.65737    65.68601   521.43279     7.90000   -36.75000
PRINTVAR FIXEDF LEVELS PUG TRGH TRGR TRGS INTG IGZ;                           
 
          PUG         TRGH        TRGR        TRGS        INTG        IGZ     
         Level       Level       Level       Level       Level       Level  
2017.1   310.62500   504.30000     3.97500   140.82500   107.87500    68.25000
2017.2   314.40000   507.87500     8.67500   134.92500   110.50000    69.65000
2017.3   315.82500   512.42500     8.95000   140.75000   112.95000    69.95000
2017.4   321.92500   517.07500    11.60000   143.95000   115.60000    72.17500
2018.1   326.45000   529.07500     9.65000   145.67500   118.60000    72.75000
2018.2   332.92500   532.90000     9.62500   143.92500   124.27500    73.87500
2018.3   337.70000   537.12500     7.90000   145.67500   128.92500    75.45000
2018.4   341.92500   541.80000    11.30000   147.22500   133.55000    77.47500
2019.1   346.75000   560.50000    10.17500   148.45000   135.85000    77.87500
2019.2   351.72500   565.02500     9.32500   152.62500   137.97500    77.80000
2019.3   356.02500   569.67500     9.55000   152.60000   136.90000    79.75000
2019.4   360.42500   574.47500    10.77500   155.60000   135.05000    82.10000
2020.1   363.67500   589.15000    11.97500   160.15000   132.85000    82.50000
2020.2   381.25000   926.60000    14.95000   350.00000   129.55000    84.35000
2020.3   378.77500   670.00000    15.07500   184.62500   125.50000    86.42500
2020.4   378.07500   629.67500    11.82500   185.75000   122.85000    87.05000
2021.1   392.15000  1121.05000    14.42500   195.37500   120.50000    87.17500
2021.2   390.82500   717.75000    11.45000   408.05000   120.47500    88.80000
2021.3   390.50000   710.72500    18.27500   264.27500   122.75000    91.47500
2021.4   391.55000   719.35000    11.67500   226.05000   130.17500    92.65000
2022.1   392.22500   710.67500    13.22500   229.07500   135.17500    92.90000

2022.2   399.74736   819.36420    13.22500   189.01669   141.65699    94.76235
2022.3   407.96698   836.74237    13.22500   193.22135   149.49963    96.88352
2022.4   416.63100   758.19964    13.22500   197.73517   157.97445    99.10084
2023.1   425.44343   775.45541    13.22500   202.24149   166.34192   101.38410
2023.2   434.22646   792.51622    13.22500   206.83000   174.63248   103.64833
2023.3   442.89987   809.43092    13.22500   211.21446   183.04403   105.88252
2023.4   451.43846   793.16391    13.22500   215.62267   191.31163   108.06706
2024.1   459.86984   808.98472    13.22500   219.82830   199.55663   110.22465
2024.2   468.25160   824.63197    13.22500   224.12429   207.68960   112.36473
2024.3   476.65150   840.36013    13.22500   228.40485   215.71397   114.50296
2024.4   485.13550   856.15628    13.22500   232.70402   223.61740   116.65667
2025.1   493.75707   872.15487    13.22500   237.05835   231.43619   118.84443
2025.2   502.56405   888.56411    13.22500   241.48467   239.20029   121.07496
2025.3   511.59641   905.30790    13.22500   246.14908   246.93580   123.35763
2025.4   520.88887   922.60615    13.22500   250.77650   254.66393   125.70231
@                                                                             
@ 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  
2017.1   106.17500    13.82500   305.65000     4.95000   140.82500    -1.42500
2017.2   101.60000    13.40000   309.50000     4.92500   134.92500    -1.45000
2017.3   108.10000    13.57500   312.77500     4.95000   140.75000    -1.50000
2017.4   119.55000    13.77500   317.65000     5.00000   143.95000    -1.50000
2018.1   119.75000    13.90000   321.75000     5.05000   145.67500    -1.47500
2018.2   110.60000    15.07500   325.47500     5.10000   143.92500    -1.55000
2018.3   116.05000    15.42500   329.32500     5.12500   145.67500    -1.57500
2018.4   113.40000    16.07500   332.40000     5.12500   147.22500    -1.47500
2019.1   118.22500    18.30000   335.72500     5.15000   148.45000    -1.67500
2019.2   130.22500    18.20000   340.12500     5.12500   152.62500    -1.65000
2019.3   124.35000    18.27500   346.07500     5.07500   152.60000    -1.60000
2019.4   123.67500    18.10000   347.75000     5.05000   155.60000    -1.70000
2020.1   125.95000    16.62500   351.07500     5.02500   160.15000    -1.57500
2020.2   129.37500    15.47500   333.85000     4.77500   350.00000    -1.55000
2020.3   129.90000    19.20000   351.52500     4.97500   184.62500    -1.47500
2020.4   130.70000    19.70000   353.47500     5.12500   185.75000    -1.67500
2021.1   140.05000    21.37500   356.85000     5.30000   195.37500    -1.67500
2021.2   146.60000    22.97500   368.02500     5.47500   408.05000    -1.60000
2021.3   151.27500    23.82500   373.85000     5.62500   264.27500    -1.57500
2021.4   157.27500    28.85000   382.22500     5.70000   226.05000    -1.65000
2022.1   166.32500    27.90142   388.67500     5.72500   229.07500    -1.75000

2022.2   169.80159    27.92510   397.95740     5.74835   189.01669    -1.75000
2022.3   173.83550    28.89104   407.77877     5.77192   193.22135    -1.75000
2022.4   177.80704    29.67654   417.05502     5.79573   197.73517    -1.75000
2023.1   181.45998    30.38174   426.14766     5.81978   202.24149    -1.75000
2023.2   184.83323    31.06792   434.90485     5.84406   206.83000    -1.75000
2023.3   187.98740    31.74425   443.27948     5.86858   211.21446    -1.75000
2023.4   190.89945    32.35859   451.11283     5.89334   215.62267    -1.75000
2024.1   193.62681    32.93801   458.63119     5.91835   219.82830    -1.75000
2024.2   196.24139    33.52904   465.91987     5.94360   224.12429    -1.75000
2024.3   198.81278    34.14550   473.07619     5.96910   228.40485    -1.75000
2024.4   201.39625    34.78731   480.19588     5.99485   232.70402    -1.75000
2025.1   204.01880    35.44204   487.33871     6.02086   237.05835    -1.75000
2025.2   206.70772    36.10892   494.57893     6.04712   241.48467    -1.75000
2025.3   209.49299    36.79427   501.97874     6.07365   246.14908    -1.75000
2025.4   212.40154    37.50367   509.59101     6.10043   250.77650    -1.75000
PRINTVAR FIXEDF LEVELS PUS TRSH UB INTS SUBS ISZ;                             
 
          PUS         TRSH        UB          INTS        SUBS        ISZ     
         Level       Level       Level       Level       Level       Level  
2017.1   528.70000   156.45000     7.70000    55.50000     1.77500    95.97500
2017.2   530.15000   155.40000     7.52500    55.40000     2.07500    96.55000
2017.3   534.37500   158.97500     7.55000    54.77500     2.20000    96.75000
2017.4   543.05000   157.42500     7.42500    53.72500     2.17500    99.05000
2018.1   549.92500   158.92500     7.25000    52.10000     2.02500   100.00000
2018.2   558.15000   161.57500     6.90000    51.47500     2.05000   102.50000
2018.3   562.52500   162.25000     6.80000    51.87500     2.15000   101.65000
2018.4   562.42500   160.80000     6.77500    53.22500     2.32500    98.87500
2019.1   565.87500   162.90000     7.10000    55.77500     2.60000   103.32500
2019.2   574.00000   166.87500     6.95000    57.27500     2.82500   106.72500
2019.3   576.80000   168.95000     6.85000    57.77500     2.95000   106.00000
2019.4   582.30000   168.60000     6.70000    57.25000     2.95000   106.42500
2020.1   594.22500   165.70000     9.87500    55.80000     3.57500   110.65000
2020.2   583.65000   177.57500   259.85000    54.65000     4.87500   109.32500
2020.3   586.62500   187.07500   191.95000    54.02500     4.52500   109.15000
2020.4   593.25000   184.20000    74.97500    53.70000     4.47500   112.07500
2021.1   602.17500   188.82500   141.45000    53.97500     5.02500   110.55000
2021.2   613.15000   197.57500   120.10000    53.80000     5.52500   109.32500
2021.3   630.72500   209.37500    68.07500    53.20000     1.52500   110.57500
2021.4   641.67500   210.75000     9.42500    52.32500     2.70000   111.85000
2022.1   656.37500   217.67500     6.27500    51.12500     2.25000   112.35000

2022.2   668.51440   195.64666     7.00000    51.12500     2.25000   113.75851
2022.3   681.88614   200.07677     7.00000    51.12500     2.25000   115.44860
2022.4   696.04535   204.56695     7.00000    51.12500     2.25000   117.22136
2023.1   710.46726   209.31013     7.00000    51.12500     2.25000   119.03920
2023.2   724.82845   214.00329     7.00000    51.12500     2.25000   120.80172
2023.3   738.99160   218.62313     7.00000    51.12500     2.25000   122.49710
2023.4   752.91470   223.12853     7.00000    51.12500     2.25000   124.10394
2024.1   766.64188   227.56581     7.00000    51.12500     2.25000   125.64975
2024.2   780.26881   231.95396     7.00000    51.12500     2.25000   127.14627
2024.3   793.90987   236.32477     7.00000    51.12500     2.25000   128.61186
2024.4   807.67734   240.85653     7.00000    51.12500     2.25000   130.06623
2025.1   821.66320   245.30260     7.00000    51.12500     2.25000   131.52991
2025.2   835.94745   249.96808     7.00000    51.12500     2.25000   133.01196
2025.3   850.59780   254.72879     7.00000    51.12500     2.25000   134.52193
2025.4   865.67351   259.45492     7.00000    51.12500     2.25000   136.06958
@                                                                             
@ 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  
2017.1   189.40400    13.98400    -6.12400    91.69400  -184.08600   -76.74600
2017.2   200.97100     2.63600     0.49800   110.52800  -193.27300   -83.31000
2017.3   235.01000    23.61700   -49.39400    96.00800  -203.17900   -74.63700
2017.4   183.96200  -193.59000   -45.23900    90.63000    44.64700   -60.36100
2018.1   209.48500    27.62800    -2.24300    99.92300  -243.12400   -59.84300
2018.2   212.60100     7.33100     5.61900    96.83800  -248.17100   -74.34400
2018.3   224.98600   -17.23900    16.51800   122.35400  -241.26800   -65.52700
2018.4   247.59600   -13.55400    11.03800   125.86000  -259.83700   -62.55300
2019.1   270.24100   -55.15700    27.21500   132.19400  -267.90800   -59.40800
2019.2   226.81200   -38.89900    26.67300   127.49600  -274.70100   -50.60500
2019.3   219.16000   -40.86700    37.65400   120.18600  -288.04400   -55.13800
2019.4   226.09400     7.82600    22.84600   106.84600  -300.58000   -55.45800
2020.1   319.79900   -29.50300    26.46200   115.99800  -311.43100   -53.99900
2020.2  1149.72900    39.88200    21.98800   132.98000 -1431.15100   121.04700
2020.3   615.18600    85.34800     9.79200   166.81200  -903.08600   -32.80200
2020.4   480.81000    33.18400    22.15800   177.11000  -559.70200   -31.11100
2021.1   933.66800    73.68200    28.39000   205.03100 -1095.04800   -19.62400
2021.2   389.09600   129.40000    34.71000   201.84700  -852.96600   194.48800
2021.3   342.66800   126.74400    16.76300   212.64600  -583.98600    41.49100
2021.4   240.80300    31.97100    42.22200   215.33700  -405.22500     9.91700
2022.1   186.54838   -21.17439    38.99849   266.85000  -349.68390    13.43642

2022.2   240.11282    -5.89585    38.70375   256.54468  -392.14075    -2.34965
2022.3   234.37418    13.74303    38.57486   248.29589  -400.72322     0.71026
2022.4   149.50149    15.76277    38.44316   244.53889  -315.79633     2.52502
2023.1   154.23733    23.84702    38.32624   244.28710  -329.00913     3.28644
2023.2   155.39599    35.50354    38.14783   246.30454  -343.95629     3.57939
2023.3   155.54834    48.60512    37.91200   249.73428  -360.11561     3.29087
2023.4   127.24591    58.31893    37.60090   253.99925  -344.66991     2.47993
2024.1   129.60263    69.51390    37.23867   259.79153  -362.33371     1.16197
2024.2   131.74596    81.15255    36.82566   266.02777  -380.50492    -0.27201
2024.3   134.65583    92.65442    36.36750   272.07739  -398.90142    -1.87872
2024.4   138.59473   103.84950    35.87175   277.62791  -417.22111    -3.74778
2025.1   142.79486   114.03811    35.34960   283.95786  -435.56869    -5.59673
2025.2   147.86232   123.97383    34.80040   290.08765  -454.06395    -7.68525
2025.3   153.65093   133.97010    34.22582   295.45748  -472.64533    -9.68401
2025.4   160.14539   144.11995    33.62893   299.90172  -491.11751   -11.70348
PRINTVAR FIXEDF LEVELS GDPR GDPD PCGDPR;                                      
 
          GDPR        GDPD        PCGDPR  
         Level       Level       Level  
2017.1  4474.15000     1.06979     1.89969
2017.2  4499.22500     1.07368     2.26068
2017.3  4531.57500     1.07902     2.90722
2017.4  4574.15000     1.08670     3.81137
2018.1  4609.07500     1.09262     3.08928
2018.2  4647.50000     1.10160     3.37666
2018.3  4669.90000     1.10597     1.94190
2018.4  4680.35000     1.11174     0.89810
2019.1  4708.30000     1.11513     2.41019
2019.2  4745.65000     1.12151     3.21108
2019.3  4778.20000     1.12516     2.77192
2019.4  4800.57500     1.12979     1.88629
2020.1  4738.00000     1.13261    -5.11290
2020.2  4314.55000     1.12860   -31.23589
2020.3  4640.20000     1.13958    33.78418
2020.4  4691.95000     1.14658     4.53620
2021.1  4763.92500     1.15651     6.27868
2021.2  4842.07500     1.17414     6.72505
2021.3  4869.75000     1.19115     2.30589
2021.4  4951.57500     1.21188     6.89239
2022.1  4933.97500     1.23545    -1.41421

2022.2  4979.73633     1.25094     3.76183
2022.3  5051.01076     1.26952     5.84925
2022.4  5109.50380     1.28902     4.71327
2023.1  5153.46421     1.30901     3.48613
2023.2  5191.29576     1.32839     2.96889
2023.3  5225.49517     1.34703     2.66129
2023.4  5254.09935     1.36470     2.20763
2024.1  5279.05723     1.38170     1.91365
2024.2  5302.26012     1.39816     1.76973
2024.3  5324.90827     1.41427     1.71954
2024.4  5347.62180     1.43026     1.71716
2025.1  5369.92505     1.44636     1.67874
2025.2  5392.14755     1.46266     1.66563
2025.3  5414.85398     1.47926     1.69508
2025.4  5438.48403     1.49628     1.75703