Outlook for the Budget and the Economy
- Blog Post
Federal Revenues Are Projected to Increase Significantly Over the Next Two Years and Remain Steady as a Share of GDP Thereafter
Revenues are projected to continue rebounding from a post-recession low of 14.6 percent of GDP in 2009 and 2010—rising to 18.2 percent in 2015. They are projected to stay between 18.0 percent and 18.4 percent of GDP from 2016 through 2024.
- Presentation
CBO’s Outlook for the Economy
Presentation by Doug Elmendorf, CBO Director, to the National Association for Business Economics
- Blog Post
CBO’s Projections of Federal Spending Over the Next Decade
Under current law, outlays for Social Security, major health care programs, and net interest will grow over the coming decade, CBO estimates, while spending for other programs will decline relative to the size of the economy.
- Blog Post
Presentation to the National Association for Business Economics
How will the labor market evolve? How rapidly will potential and actual output grow? What will be the paths of inflation and interest rates? Director Doug Elmendorf addressed these and other questions about CBO's outlook for the economy.
- Blog Post
Federal Budget Deficits Are Projected to Decline Through 2015 but Rise Thereafter, Further Boosting Federal Debt
In recent years, debt held by the public has been significantly greater relative to GDP than at any time since just after World War II; under current law it will continue to be quite high by historical standards during the next decade.
- Presentation
Making Choices About Federal Spending and Taxes
Presentation by Doug Elmendorf, CBO Director, to the Economic Club of Minnesota
- Blog Post
Presentation to the Economic Club of Minnesota
During his presentation, Director Doug Elmendorf emphasized that federal debt remains on an unsustainable path, and the composition of federal spending is changing dramatically from what it has been in the past.
- Report
Testimony on the Budget and Economic Outlook: 2014 to 2024
Testimony by Douglas W. Elmendorf, Director, before the Committee on the Budget, United States Senate.
- Report
Capping War-Related Spending
Questions for the Record from Chairman Ryan following Director Elmendorf's testimony on the Budget and Economic Outlook, February 5, 2014
- Blog Post
Frequently Asked Questions About CBO’s Estimates of the Labor Market Effects of the Affordable Care Act
CBO answers a few questions it has received about last week’s analysis of the labor market effects of the Affordable Care Act.