An Analysis of the President’s 2020 Budget

Congressional Budget Office

No 55195, Reports from Congressional Budget Office

Abstract: By CBO’s estimates, the federal deficit under the President’s budget would increase from $896 billion in 2019 to $966 billion (equal to 4.4 percent of gross domestic product, or GDP) in 2020. The cumulative deficit under the President’s policies would total $9.9 trillion over the 2020–2029 period, $1.5 trillion less than in CBO’s baseline. (The Administration projects smaller deficits, totaling $7.3 trillion over that period.) Measured relative to the size of the economy, deficits would average 3.8 percent of GDP over the 10-year period, CBO estimates.

JEL-codes: H20 H30 H50 H51 H55 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2019-05-09
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