The 2018 Long-Term Budget Outlook

Congressional Budget Office

No 53919, Reports from Congressional Budget Office

Abstract: In CBO’s projections, federal budget deficits grow substantially over the next several years in relation to the size of the economy, stabilize for a few years, and then grow again over the rest of the 30-year period. If current laws generally remained unchanged, the growing deficits would raise federal debt held by the public from 78 percent of gross domestic product this year to nearly 100 percent by the end of the next decade and 152 percent by 2048.

JEL-codes: E20 E60 E61 E62 E66 H50 H51 H53 H55 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2018-06-26
New Economics Papers: this item is included in nep-mac
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