The Deficit Reductions Necessary to Meet Various Targets for Federal Debt

Congressional Budget Office

No 54181, Reports from Congressional Budget Office

Abstract: CBO has examined various illustrative scenarios in which the federal government makes debt held by the public smaller than it would be if current laws remained generally unchanged. In those scenarios, the primary deficit—that is, the deficit excluding net outlays for interest—is reduced to make debt equal 41 percent, 78 percent, or 100 percent of gross domestic product (GDP) over the next 15 to 30 years. Two broad strategies are used: reducing the primary deficit by a constant share of GDP over time and reducing the primary deficit by an increasing share of GDP.

JEL-codes: E61 E62 E66 H50 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2018-08-21
New Economics Papers: this item is included in nep-mac
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