The Budget and Economic Outlook: 2014 to 2024

Total Deficits or Surpluses

Under current law, deficits will drop through 2015 but rise thereafter, boosting the already high federal debt, CBO projects. Economic growth will be solid in the near term, but unemployment will not drop below 6.0 percent until 2017.

Subsequent projections appear in Budget and Economic Outlook and Updates.

Data and Supplemental Information

Corrections and Updates

Correction: On February 20, 2014, CBO reposted this report with corrections to two values in Table 3-5.