An Update to the Budget and Economic Outlook: 2021 to 2031


If current laws generally remain unchanged, the federal budget deficit will total $3.0 trillion and federal debt will reach 103 percent of GDP in fiscal year 2021, CBO estimates, and real GDP will grow by 7.4 percent in calendar year 2021.

Corrections and Updates

CBO posted the file of 10-year trust fund projections on July 21, 2021.