The 2017 Long-Term Budget Outlook

Congressional Budget Office

No 52480, Reports from Congressional Budget Office

Abstract: CBO’s projections show a substantial imbalance looming in the federal budget over the next 30 years, with spending outpacing revenues by steadily increasing amounts. As a result, if current laws generally remained unchanged, federal debt would reach an unprecedented share of GDP, intensifying pressures on the federal budget, dampening economic growth, limiting the nation’s ability to respond to unforeseen events, and increasing the likelihood of a fiscal crisis.

JEL-codes: E20 E60 E61 E62 E66 H50 H51 H53 H55 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2017-03-30
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (12)

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