Twice a year, CBO publishes 10-year forecasts of economic activity conditioned on the federal spending and taxes that will occur under current law. For the beginning years of that span, each forecast incorporates the effect of the business cycle; for the later years of the span, each forecast relies on long-term trends in the labor force, saving, and productivity. CBO also makes long-term budget projections.
Economic Projections
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Long-Term Budget OutlookSep 2013 - Federal debt would grow to 100 percent of GDP by 2038 under current law, CBO projects, and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
The Budget and Economic Outlook: Fiscal Years 2013 to 2023Feb 2013 - Under current law, federal debt will stay at historically high levels relative to the economy, CBO projects. Economic growth will be slow in 2013 but pick up thereafter. Even so, the unemployment rate will be above 7.5 percent through 2014.
How CBO Projects IncomeJul 2013 - Projections of income earned by individuals and businesses are an integral part of CBO’s regular 10-year projections of the economy and a key component of its projections of federal revenues and outlays.
Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013May 2012 - Under current law, the federal budget deficit will fall dramatically between 2012 and 2013 owing to scheduled increases in taxes and, to a lesser extent, scheduled reductions in spending—a development that some observers have referred to as a “fiscal cliff.”
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Testimony on The 2013 Long-Term Budget Outlook
reportSeptember 26, 2013How CBO Projects Income
reportJuly 25, 2013How Eliminating the Automatic Spending Reductions Specified by the Budget Control Act Would Affect the U.S. Economy in 2014
reportJuly 25, 2013Some Information on Upcoming CBO Reports
blog postJune 13, 2013CBO’s Plan for Its Major Periodic Reports This Year
reportJune 13, 2013Changes in Discretionary Funding During the Past Few Years
blog postMarch 26, 2013CBO Testifies on the Budget and Economic Outlook
blog postFebruary 15, 2013Testimony on the Budget and Economic Outlook: Fiscal Years 2013 to 2023
reportFebruary 13, 2013
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