Outlook for the Budget and the Economy
- Report
The Accuracy of CBO’s Budget Projections for Fiscal Year 2020
In its 2019 projections for fiscal year 2020, CBO underestimated revenues by 9 percent and outlays by 3 percent. CBO’s projection of the federal budget deficit in 2020 was more than the actual amount by 0.5 percent of GDP.
- Working Paper
Key Methods That CBO Used to Estimate the Effects of Pandemic-Related Legislation on Output: Working Paper 2020-07
This paper describes key methods that the Congressional Budget Office used to estimate the effects on economic output of the laws enacted in response to the 2020 coronavirus pandemic.
- Presentation
An Overview of The 2020 Long-Term Budget Outlook
Presentation by Phillip Swagel, CBO’s Director, to the National Association of Home Builders’ Financial Institutions and Capital Markets Subcommittee
- Report
Testimony on CBO's 2020 Long-Term Budget Outlook
CBO Director Phillip Swagel testifies before the Subcommittee on Fiscal Responsibility and Economic Growth of the Senate Finance Committee.
- Presentation
An Overview of The 2020 Long-Term Budget Outlook
Presentation by Phillip Swagel, CBO’s Director, to the Prosperity Caucus
- Presentation
An Overview of The 2020 Long-Term Budget Outlook
Presentation by Phillip Swagel, CBO’s Director, at the Economic Policy Summit 2020.
- Report
Testimony on CBO's 2020 Long-Term Budget Outlook
CBO Director Phillip Swagel testifies before the Senate Budget Committee.
- Blog Post
Director’s Statement on The 2020 Long-Term Budget Outlook
CBO Director Phill Swagel focuses on the long-term fiscal challenges facing the nation in his statement on CBO’s report The 2020 Long-Term Budget Outlook.
- Report
The 2020 Long-Term Budget Outlook
CBO presents its projections of what federal deficits, debt, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change.
- Blog Post
A Presentation on CBO’s Latest Budget Projections
In a talk before the U.S. Chamber of Commerce’s Chief Economists Committee, CBO Director Phillip Swagel spoke about CBO’s latest 10-year budget projections.