Budget and Economic Outlook: An Update


At 8.5 percent of gross domestic product, the $1.3 trillion budget deficit that CBO projects for 2011 will be the third-largest shortfall in the past 65 years (exceeded only by the deficits of the preceding two years).

Subsequent projections appear in Budget and Economic Outlook and Updates.

Data and Supplemental Information

Baseline Projections for Social Security and Pensions