Budget
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Blog Post
Why Is CBO’s Projection of GDP Growth Slower Than Past Rates of Growth?
September 8, 2016CBO compares its economic forecast, as presented in An Update to the Budget and Economic Outlook: 2016 to 2026, with historical experience and discusses why economic growth in coming years is projected to diverge from historical trends.
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Blog Post
Uncertainties in the Economic Outlook
September 7, 2016CBO discusses several uncertainties in the outlook for the U.S. economy, as described in An Update to the Budget and Economic Outlook: 2016 to 2026.
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Report
An Update to the Budget and Economic Outlook: 2016 to 2026
August 23, 2016The deficit under current law is projected to be larger this year, but smaller over the 2017–2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade.
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Report
The 2016 Long-Term Budget Outlook
July 12, 2016If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
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Report
An Analysis of the President’s 2017 Budget
March 29, 2016CBO and the staff of the Joint Committee on Taxation (JCT) project that, between 2017 and 2026, the President’s budget would result in deficits averaging 3 percent of GDP and totaling $6.9 trillion, $2.4 trillion less than CBO’s baseline.
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Report
Updated Budget Projections: 2016 to 2026
March 24, 2016CBO projects a $534 billion deficit in fiscal year 2016, about $100 billion more than in 2015. If current laws generally remained unchanged, the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade.
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Report
The Budget and Economic Outlook: 2016 to 2026
January 25, 2016CBO estimates that the federal budget deficit in 2016 will be $544 billion, raising debt held by the public to 76 percent of GDP. Solid short-term growth in the economy is projected to be followed by slower growth in subsequent years.
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Blog Post
CBO Releases New Budget Infographics
January 6, 2016View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2015, as well as broader trends in the budget over the past few decades.
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Report
Updated Budget Projections: 2015 to 2025
March 9, 2015Under current law, CBO estimates the deficit will total 2.7 percent of GDP in 2015, drop to roughly 2.4 percent for the following three years, and then begin to rise. By 2025, debt held by the public is projected to reach 77 percent of GDP.
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Report
Options for Reducing the Deficit: 2015 to 2024
November 20, 2014CBO periodically issues a compendium of options—this installment presents 79—to inform lawmakers about the budgetary effects of ways to reduce the deficit. The report has both interactive and printable formats.
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Report
Choices for Deficit Reduction: An Update
December 20, 2013Federal debt is projected to rise significantly over the long term. What policy changes could reduce future deficits and thus lower the trajectory of federal debt? What criteria might be used to evaluate those policy changes?