Outlook for the Budget and the Economy
Primary tabs
-
Report
The Budget and Economic Outlook: 2018 to 2028
April 9, 2018In CBO’s projections, the economy grows relatively quickly this year and next and then more slowly in the following several years. The federal budget deficit rises substantially, boosting federal debt to nearly 100 percent of GDP by 2028.
-
Report
An Update to the Budget and Economic Outlook: 2017 to 2027
June 29, 2017Under current law, deficits in CBO’s baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.
-
Report
The 2017 Long-Term Budget Outlook
March 30, 2017If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
-
Blog Post
Why Is CBO’s Projection of GDP Growth Slower Than Past Rates of Growth?
September 8, 2016CBO compares its economic forecast, as presented in An Update to the Budget and Economic Outlook: 2016 to 2026, with historical experience and discusses why economic growth in coming years is projected to diverge from historical trends.
-
Report
Updated Budget Projections: 2016 to 2026
March 24, 2016CBO projects a $534 billion deficit in fiscal year 2016, about $100 billion more than in 2015. If current laws generally remained unchanged, the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade.