Updated Budget Projections: 2014 to 2024

April 14, 2014
Report

The deficit will decrease to $492 billion in 2014, CBO projects. But under current law, deficits will begin rising again in 2016—and by 2024, debt will reach 78 percent of GDP, twice the average of the past 40 years.

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Subsequent budget projections appear in Budget and Economic Outlook and Updates.

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