Long-Term Budget Analysis

Long-Term Budget Outlook

CBO provides the Congress with budget projections beyond the standard 10-year budget window. Those projections, which starting in 2016 focus primarily on the coming 30 years (previously they focused on the next 25 years), show the effects of demographic trends, economic developments, and rising health care costs on federal spending, revenues, and deficits. The assumptions about federal spending and revenue policies used for the long-term budget projections match those underlying the agency’s 10-year baseline for the first decade and are extended in a similar way to later years. The report also shows the long-term budgetary and economic effects of some alternative policies.

Long-Term Projections for Social Security

CBO publishes long-term projections for Social Security in the Long-Term Budget Outlook and then provides additional information on those projections in subsequent, separate reports.