The Budget and Economic Outlook: 2022 to 2032

Congressional Budget Office

No 57950, Reports from Congressional Budget Office

Abstract: CBO projects a federal budget deficit of $1.0 trillion in 2022 and an average annual shortfall of $1.6 trillion from 2023 to 2032, under the assumption that existing laws governing taxes and spending generally remain unchanged. Federal debt held by the public is projected to dip to 96 percent of GDP in 2023, but then to rise each year thereafter, reaching 110 percent in 2032, higher than it has ever been.

JEL-codes: E20 E23 E60 E62 E66 H20 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2022-05-25
New Economics Papers: this item is included in nep-mac
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