Long-Term Budget Analysis
- Report
The Cost of Replacing the Department of Defense’s Current Aviation Fleet
Summarizing three reports about the aviation fleets of the U.S. Air Force, Army, and the Department of the Navy, CBO projects the number and costs of aircraft the Department of Defense would need to procure to maintain the fleets’ current size through 2050.
- Report
The Cost of Replacing Today’s Naval Aviation Fleet
CBO estimates that purchasing new aircraft to maintain the aviation fleet of the Navy and Marine Corps at its current size would cost about $380 billion (in 2018 dollars) from 2020 to 2050. Annual costs would range from $7 billion to $17 billion.
- Report
CBO’s Long-Term Social Security Projections: Changes Since 2018 and Comparisons With the Social Security Trustees’ Projections
In June 2019, CBO updated its long-term budget projections, including projections of the Social Security system’s finances. CBO compares those projections with its 2018 projections and with the Social Security trustees’ latest projections.
- Presentation
Macroeconomic Analysis at CBO
Presentation by Jeff Werling, CBO’s Assistant Director for Macroeconomic Analysis, at the Inforum Annual Conference at the University of Maryland, College Park.
- Report
An Analysis of the Navy's Fiscal Year 2020 Shipbuilding Plan
CBO estimates that the total shipbuilding budget would average $31 billion per year, one-third more than the Navy estimates. The plan would require an increase of more than 50 percent compared with recent shipbuilding budgets.
- Presentation
The 2019 Long-Term Budget Outlook
Presentation by Theresa Gullo, CBO’s Assistant Director for Budget Analysis, to the National Association of State Budget Officers.
- Report
CBO’s 2019 Long-Term Projections for Social Security: Additional Information
In lieu of publishing a separate report providing additional information about CBO’s long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Presentation
The 2019 Long-Term Budget Outlook in 23 Slides
This presentation summarizes the findings of CBO’s recent report The 2019 Long-Term Budget Outlook. CBO has also provided a narrated presentation highlighting the key aspects of the agency’s extended baseline projections.
- Report
The Impact of Various Levels of Federal Debt on GNP and GNP per Capita
In a letter to Congressman Steve Womack, CBO provides additional information about its extended baseline projections and three alternative scenarios from The 2019 Long-Term Budget Outlook. Specifically, CBO provides estimates of gross national product (GNP) and GNP per capita in all four cases.
- Presentation
How CBO Develops the Economic Projections Underlying Its Long-Term Budget Projections
On Monday, August 5, Wendy Edelberg, an Associate Director for Economic Analysis at CBO, and Jeffrey Werling, Assistant Director of CBO's Macroeconomic Analysis Division, will give the following presentation to the Social Security and Medicare Trustees Working Group.