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- Report
Expanding on its earlier long-term baseline projections, CBO shows how the federal budget and the economy would evolve under three scenarios in which laws would be changed to continue certain policies now in place, leading to higher debt.
- Report
If current laws remain generally unchanged, CBO projects, federal budget deficits and debt would increase over the next 30 years—reaching the highest level of debt relative to GDP in the nation’s history by far.
- Blog Post
Today CBO released The 2018 Long-Term Budget Outlook. The report finds that if current laws generally remained unchanged, growing budget deficits would boost debt sharply in coming years.
- Blog Post
CBO will release The 2018 Long-Term Budget Outlook at 10:00 a.m. on Tuesday, June 26. The long-term projections—which span 30 years—are consistent with CBO’s latest 10-year budget and economic projections.
- Report
CBOLT is the main analytical tool that CBO uses to make long-term projections of the economy and federal budget. Those projections help shed light on fiscal challenges that extend beyond CBO’s standard 10-year projection window.
- Working Paper
This paper documents CBO’s model of potential output. It describes the data, analytic methods, and modeling framework used to estimate historical values of the components of potential output and to project those values into the future.