Although most of CBO's budget projections and cost estimates cover a 10-year window, the agency regularly conducts studies of the nation's long-term budget picture. The Long-Term Budget Outlook is produced annually, and other studies on long-term issues in Social Security, federal health care programs, and other parts of the budget are produced periodically.
Long-Term Budget Projections
Dec 2013 - Spending on the Social Security program will exceed its dedicated tax revenues, on average, by about 12 percent over the next decade, CBO projects. The gap will grow larger in the 2020s and will exceed 30 percent of revenues by 2030.
Sep 2013 - Federal debt would grow to 100 percent of GDP by 2038 under current law, CBO projects, and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
The Long-Term Budgetary Impact of Paths for Federal Revenues and Spending Specified by Chairman Ryan
Mar 2012 - The calculations presented here represent CBO's assessment of how the specified paths would alter the trajectories of federal debt, revenues, spending, and economic output relative to the trajectories under two scenarios that CBO has analyzed previously.
Jan 2012 - This issue brief reviews how ages of eligibility affect beneficiaries under current law and how delaying eligibility would affect beneficiaries, the federal budget, and the economy.
Aug 2011 - CBO's first infographic summarizes some of the agency's most recent projections for Social Security and provides background information on the program.
- blog postFebruary 20, 2014
- presentationFebruary 20, 2014
Implications of Growing Differences in Life Expectancy Across Socioeconomic Groups for CBO’s Analyses of Social Security Policy OptionspresentationJanuary 31, 2014
- reportDecember 20, 2013
- reportDecember 17, 2013
Fiscal Policy Effects in a Heterogeneous-Agent Overlapping-Generations Economy With an Aging Population: Working Paper 2013-07working paperDecember 6, 2013
- presentationDecember 4, 2013
- graphicOctober 24, 2013
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