Outlook for the Budget and the Economy
- Report
Baseline Budget Projections as of March 6, 2020
As usual, CBO has produced spring baseline budget projections to reflect recent legislation and technical changes. Those projections are based on the agency’s January economic forecast and do not account for changes arising from the current public health emergency.
- Report
Federal Debt: A Primer
From the end of 2008 to 2019, the amount of federal debt held by the public nearly tripled. This report describes federal debt, various ways to measure it, CBO’s projections for the coming decade, and the consequences of its growth.
- Report
Answers to Questions for the Record Following a Hearing Conducted by the House Committee on the Budget on The Budget and Economic Outlook: 2020 to 2030
The House Budget Committee convened a hearing at which Director Phillip Swagel testified about The Budget and Economic Outlook: 2020 to 2030. This document provides CBO’s answers to questions submitted for the record by three Members of the Committee.
- Presentation
The 2020 Budget and Economic Outlook
Presentation by Phillip Swagel, CBO’s Director, at the National Association for Business Economics's 36th Annual Economic Policy Conference.
- Presentation
The 2020 Budget and Economic Outlook
Presentation by Phillip Swagel, CBO’s Director, to the Forecasters Club of New York.
- Presentation
The 2020 Budget and Economic Outlook
Presentation by Phillip Swagel, CBO’s Director, to the Tax Council Policy Institute.
- Blog Post
Recent Changes in CBO’s Projections of Corporate Income Tax Revenues
CBO has reduced its projections of corporate income tax receipts for the 2020–2029 period by $127 billion (or about 4 percent). That change from the agency’s August 2019 projections arose from several sources.
- Presentation
An Overview of The Budget and Economic Outlook: 2020 to 2030
In CBO’s current-law projections, deficits remain large by historical standards, federal debt grows to 98 percent of GDP by 2030, and the economy expands at an average annual rate of 1.7 percent from 2021 to 2030.
- Report
Automatic Stabilizers in the Federal Budget: 2020 to 2030
In this report, CBO projects the budgetary effects of automatic stabilizers—as well as the size of deficits without them—from 2020 to 2030 and provides historical estimates of the stabilizers’ effects since 1970.
- Report
How Changes in Economic Conditions Might Affect the Federal Budget: 2020 to 2030
To show how the federal budget might be affected if economic conditions differed from those in its current economic forecast, CBO has developed “rules of thumb” that provide a sense of how changes in four key economic variables would affect revenues, outlays, and deficits.