Outlook for the Budget and the Economy
- Presentation
How CBO Projects Corporate Income Tax Revenues
CBO describes how it projects corporate income tax revenues, focusing on how it maps economic projections of corporate profits to projections of the corporate income tax base.
- Presentation
The U.S. Economic Outlook
Presentation by Richard DeKaser, CBO’s Director of Macroeconomic Analysis, to Economic and Financial Counselors from the European Union.
- Blog Post
Latest Presentations
CBO Director Phillip Swagel discusses his most recent presentations on the U.S. economic and fiscal outlook.
- Report
CBO’s Projections of Federal Receipts and Expenditures in the National Income and Product Accounts: 2023 to 2033
This report presents CBO’s projections of revenues and outlays for the 2023–2033 period translated into the framework of the national income and product accounts and their categories of current receipts and expenditures.
- Report
An Update to the Economic Outlook: 2023 to 2025
In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline.
- Report
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
CBO analyzed eight scenarios that differ from those underlying the agency’s long-term baseline budget projections—six that vary economic outcomes, one that varies budgetary outcomes, and one that limits Social Security benefits.
- Report
The Economic and Budgetary Effects of Discretionary Funding Caps as Specified in the Limit, Save, Grow Act of 2023
CBO has estimated what the economic and budgetary effects would be if the discretionary funding caps enacted in June 2023 had been those required under H.R. 2811, the Limit, Save, Grow Act of 2023.
- Presentation
CBO’s Economic Forecast: Understanding Productivity Growth
Presentation by Aaron Betz, an analyst in CBO’s Macroeconomic Analysis Division, at the NABE Foundation’s 20th Annual Economic Measurement Seminar.
- Report
CBO’s Economic Forecasting Record: 2023 Update
CBO assesses its two-year and five-year economic forecasts and compares them with forecasts of the Administration and the Blue Chip consensus, an average of about 50 private-sector forecasts.
- Report
The 2023 Long-Term Budget Outlook
The U.S. faces a challenging fiscal outlook in the coming years, according to CBO's projections. Measured as a percentage of GDP, large and sustained deficits lead to high and rising federal debt that exceeds any previously recorded level.