An Analysis of the President's 2016 Budget


CBO projects the President’s budget would result in deficits totaling $6.0 trillion between 2016 and 2025, $1.2 trillion less than under CBO’s current-law baseline. By 2025, debt would total about $1 trillion less than in CBO’s baseline.

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Corrections and Updates

Correction: On March 13, 2015, CBO reposted this report; the updated version includes small corrections to Table 4.