The Long-Term Budget Outlook: 2024 to 2054


The federal budget deficit increases significantly in relation to gross domestic product over the next 30 years, in CBO’s projections, pushing federal debt held by the public far beyond any previously recorded level.

Data and Supplemental Information

Corrections and Updates

CBO has corrected this report since its original publication. The correction is described at the end of the report. The agency also reposted the file of data underlying the figures and tables.

On April 5, 2024, CBO reposted the supplemental file “Long-Term Budget Projections” to add projections of gross federal debt in Table 1.