Long-Term Budget Analysis
- Report
Federal Debt: A Primer
From the end of 2008 to 2019, the amount of federal debt held by the public nearly tripled. This report describes federal debt, various ways to measure it, CBO’s projections for the coming decade, and the consequences of its growth.
- Report
Testimony on CBO’s Budget and Economic Outlook: 2020 to 2030
CBO Director Phillip Swagel testifies about The Budget and Economic Outlook: 2020 to 2030 before the House Budget Committee.
- Report
The Cost of Replacing the Department of Defense’s Current Aviation Fleet
Summarizing three reports about the aviation fleets of the U.S. Air Force, Army, and the Department of the Navy, CBO projects the number and costs of aircraft the Department of Defense would need to procure to maintain the fleets’ current size through 2050.
- Report
The Cost of Replacing Today’s Naval Aviation Fleet
CBO estimates that purchasing new aircraft to maintain the aviation fleet of the Navy and Marine Corps at its current size would cost about $380 billion (in 2018 dollars) from 2020 to 2050. Annual costs would range from $7 billion to $17 billion.
- Report
CBO’s Long-Term Social Security Projections: Changes Since 2018 and Comparisons With the Social Security Trustees’ Projections
In June 2019, CBO updated its long-term budget projections, including projections of the Social Security system’s finances. CBO compares those projections with its 2018 projections and with the Social Security trustees’ latest projections.
- Report
An Analysis of the Navy's Fiscal Year 2020 Shipbuilding Plan
CBO estimates that the total shipbuilding budget would average $31 billion per year, one-third more than the Navy estimates. The plan would require an increase of more than 50 percent compared with recent shipbuilding budgets.
- Report
CBO’s 2019 Long-Term Projections for Social Security: Additional Information
In lieu of publishing a separate report providing additional information about CBO’s long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Report
The Impact of Various Levels of Federal Debt on GNP and GNP per Capita
In a letter to Congressman Steve Womack, CBO provides additional information about its extended baseline projections and three alternative scenarios from The 2019 Long-Term Budget Outlook. Specifically, CBO provides estimates of gross national product (GNP) and GNP per capita in all four cases.
- Report
The 2019 Long-Term Budget Outlook
If current laws generally remained unchanged, large budget deficits would boost federal debt to unprecedented levels over the next 30 years, CBO projects.
- Report
Projected Costs of U.S. Nuclear Forces, 2019 to 2028
The Administration’s current plans for U.S. nuclear forces would cost $494 billion over the 2019–2028 period—$94 billion more than CBO’s 2017 estimate for the 2017–2026 period, in part because modernization programs continue to ramp up.