Long-Term Budget Projections

In addition to its work projecting the economy and the federal budget over the next 10 years, CBO also analyzes the long-term outlook for the economy and the budget. Key factors affecting the outlook include developments in labor force participation, productivity, interest rates, and the costs of health care.

  • Report July 15, 2014

    If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent of GDP by 2039 and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.

  • Report December 17, 2013

    Spending on the Social Security program will exceed its dedicated tax revenues, on average, by about 12 percent over the next decade, CBO projects. The gap will grow larger in the 2020s and will exceed 30 percent of revenues by 2030.

  • Graphic August 5, 2011

    CBO's first infographic summarizes some of the agency's most recent projections for Social Security and provides background information on the program.