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- Report
If current laws generally remained unchanged, large budget deficits would boost federal debt to unprecedented levels over the next 30 years, CBO projects.
- Blog Post
In our extended baseline projections in The 2019 Long-Term Budget Outlook, budget deficits drive federal debt held by the public to unprecedented levels.
- Interactive
This workbook allows users to enter an alternative scenario for productivity growth, labor force growth, inflation, or interest rates and see estimates of revenues, several types of spending, and deficits under those scenarios.
- Report
CBO has developed “rules of thumb” that show how changes in four key economic variables might affect revenues, outlays, and deficits. An interactive workbook allows users to see the budgetary effects of their own alternative scenarios.
- Presentation
These slides provide an overview of CBO’s microsimulation tax model.
- Blog Post
This blog post explains how CBO assesses the macroeconomic effects of changes in federal spending for research and development. It also highlights areas in which additional research would enhance CBO’s capacity to evaluate such spending.
- Report
In 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
On January 24, the Senate Budget Committee convened a hearing at which Director Keith Hall testified about CBO’s work in 2017 and its future plans. This document provides CBO’s answers to questions submitted for the record.
- Report
Under budgetary paths (not particular policies) specified by Senator Enzi, deficits would be smaller than projected in CBO’s baseline. Such deficit reductions would lower economic output in the next few years but raise it thereafter.
- Report
The Senate Appropriations Committee convened a hearing at which Director Keith Hall testified about CBO’s appropriation request for fiscal year 2018. This document provides CBO’s answers to questions submitted for the record.