Long-Term Budget Analysis
- Report
The Long-Term Budget Outlook Data: 2026 to 2056
In lieu of publishing a report providing CBO's latest long-term budget outlook, the agency is publishing the data that it would have presented in that report.
- Blog Post
CBO's Updated Projections of the Hospital Insurance Trust Fund's Finances
CBO estimates that the Hospital Insurance Trust Fund's balance is exhausted in 2040. The balance generally increases through 2031, but spending begins to outstrip income in the following year.
- Report
The Budget and Economic Outlook: 2026 to 2036
In CBO's projections, the federal budget deficit in fiscal year 2026 is $1.9 trillion, and federal debt rises to 120 percent of GDP in 2036. Economic growth strengthens in 2026 and moderates in later years.
- Report
Preliminary Analysis of How Federal Investment in Nondefense Research and Development Affects the Economy and the Federal Budget
CBO examined the economic and budgetary effects of two illustrative scenarios in which federal funding for nondefense research and development is increased by $30 billion per year for the next 10 years.
- Report
CBO's 2025 Long-Term Projections for Social Security
In lieu of publishing a separate report providing CBO's latest long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Report
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
CBO analyzed the effects on the budget and the economy of eight scenarios that differ from those underlying the agency’s extended baseline—six that vary economic conditions and two that vary budgetary conditions.
- Report
Answers to Questions for the Record Following a Hearing on the Navy’s 2025 Shipbuilding Plan and Its Implications for the Shipbuilding Industrial Base
The House Subcommittee on Seapower and Projection Forces convened a hearing at which Eric J. Labs, CBO's Senior Analyst for Naval Forces and Weapons, testified. This document provides CBO’s answers to questions submitted for the record.
- Report
Projections of Deficits and Debt Under an Alternative Scenario for the Budget
CBO analyzed the effects of an alternative budget scenario in which certain provisions of the 2017 tax act were extended permanently and revenues were reduced by additional amounts.
- Report
The Long-Term Budget Outlook: 2025 to 2055
Extending the 10-year budget projections it published on January 17, 2025, CBO projects that federal debt held by the public, boosted by sustained deficits, will grow far beyond any previously recorded level over the next 30 years.
- Report
Projections of Deficits and Debt Under Alternative Scenarios for the Budget and Interest Rates
CBO analyzed the effects of alternative budget scenarios in which provisions of the 2017 tax act were extended and the average interest rate on federal debt increased.