The Long-Term Budget Outlook Under Alternative Scenarios for Fiscal Policy

Congressional Budget Office

No 54325, Reports from Congressional Budget Office

Abstract: In CBO’s most recent extended baseline projections, federal debt held by the public rises from an amount equal to 78 percent of gross domestic product (GDP) in 2018 to 118 percent of GDP in 2038. This report expands on those projections by showing how the federal budget and the nation’s economy would evolve under three alternative scenarios. In those scenarios, laws would be changed to continue certain policies now in place, leading to even higher debt.

JEL-codes: E20 E60 E61 E62 E66 H50 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2018-08-08
New Economics Papers: this item is included in nep-mac
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