Updated Budget Projections: 2019 to 2029

Total Deficits and Surpluses

CBO projects a deficit of $896 billion for 2019—$1 billion less than the deficit it projected in January. Federal debt held by the public is projected to grow from 78 percent of gross domestic product in 2019 to 92 percent in 2029.

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Data and Supplemental Information

Baseline Projections for Education

Corrections and Updates

On May 8, 2019, CBO reposted this report, as well as the file of 10-year budget projections, with corrections to Table 3 for projections of gross federal debt and debt subject to limit.

On May 20, 2019, CBO reposted the baseline table for the Highway Trust Fund accounts to show the amounts in millions of dollars.