Outlook for the Budget and the Economy
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Federal Spending for Means-Tested Programs, 2007 to 2027
This report presents CBO’s baseline projections (through 2027) as well as historical spending data for mandatory means-tested programs (which provide cash payments or other assistance to people with relatively low income or few assets).
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Testimony on CBO’s Budget and Economic Outlook: 2017 to 2027
CBO Director Keith Hall testifies about CBO’s report The Budget and Economic Outlook: 2017 to 2027 before the House Budget Committee.
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Testimony on CBO’s Budget and Economic Outlook: 2017 to 2027
CBO Director Keith Hall testifies about CBO’s report The Budget and Economic Outlook: 2017 to 2027 before the Senate Budget Committee.
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The Budget and Economic Outlook: 2017 to 2027
If current laws remained generally unchanged, deficits would follow an upward trajectory over the next decade, driving up federal debt. CBO projects moderate economic growth during that period.
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CBO’s Projections of Federal Receipts and Expenditures in the National Income and Product Accounts
Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
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An Update to the Budget and Economic Outlook: 2016 to 2026
The deficit under current law is projected to be larger this year, but smaller over the 2017–2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade.
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The 2016 Long-Term Budget Outlook
If 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.
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Updated Budget Projections: 2016 to 2026
CBO 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.
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Testimony on CBO’s Budget and Economic Outlook: 2016 to 2026
CBO Director Keith Hall testifies about the Budget and Economic Outlook: 2016 to 2026 before the Committee on the Budget, U.S. House of Representatives.
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The Budget and Economic Outlook: 2016 to 2026
CBO estimates that the federal budget deficit in 2016 will be $544 billion, raising debt held by the public to 76 percent of GDP. Solid short-term growth in the economy is projected to be followed by slower growth in subsequent years.