An Update to the Budget and Economic Outlook: 2017 to 2027

June 29, 2017
Report
Under current law, deficits in CBO’s baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.

Data and Supplemental Information

Corrections and Updates

On October 12, 2017, CBO reposted the file of 10-year economic projections with an expanded set of variables, including the nominal exchange rate, labor productivity, the federal funds rate, and several components of real and nominal GDP.

On July 5, 2017, CBO reposted the baseline projections for the Highway Trust Fund Accounts to correct the table to accurately reflect the projected outlays and end-of-year shortfall for the Highway Account as there was an error in the formula.

On June 30, 2017, CBO reposted the baseline projections for the Supplemental Nutrition Assistance Program to correct all of the values on page 2 as they had mistakenly been reported using the 2016-2026 budget window.