The 2014 Long-Term Budget Outlook

July 15, 2014
Report

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.

Subsequent projections appear in The 2015 Long-Term Budget Outlook.

Data and Supplemental Information

Corrections and Updates

Corrections and Additions: On July 29, 2014, CBO reposted this document. Corrections are noted on the pages where they occurred (17, 24, 79, and 87). In addition, after the initial posting, CBO added information to the file providing supplemental data so that it now includes historical values for excess cost growth and forecast values for potential nominal gross national product.