An Analysis of the President’s 2019 Budget

Congressional Budget Office

No 53884, Reports from Congressional Budget Office

Abstract: The cumulative deficit under the President’s policies would total $9.5 trillion over the 2019–2028 period, $2.9 trillion less than in CBO's baseline. Over that period, the deficit would range from 3.2 percent to 4.5 percent of GDP, averaging 3.7 percent. As a result, federal debt held by the public would increase from 78 percent of GDP this year to 86 percent in 2028.

JEL-codes: H20 H30 H50 H51 H55 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2018-05-24
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