The 2019 Long-Term Budget Outlook

Congressional Budget Office

No 55331, Reports from Congressional Budget Office

Abstract: If current laws generally remained unchanged, CBO projects, large budget deficits over the next 30 years would drive federal debt held by the public to unprecedented levels—from 78 percent of gross domestic product in 2019 to 144 percent by 2049. That level of debt would be the highest in the nation’s history by far, and it would be on track to increase even more.

JEL-codes: E20 E60 E61 E62 E66 H50 H51 H53 H55 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2019-06-25
New Economics Papers: this item is included in nep-mac
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