The 2023 Long-Term Budget Outlook

Congressional Budget Office

No 59014, Reports from Congressional Budget Office

Abstract: If current laws governing taxes and spending generally remained unchanged, the federal budget deficit would increase significantly in relation to gross domestic product over the next 30 years, CBO projects. Those growing deficits are projected to drive up federal debt held by the public. In 2053, such debt would exceed any previously recorded level—and would be on track to increase further.

JEL-codes: E20 E60 E61 E62 E66 H50 H51 H53 H55 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2023-06-28
New Economics Papers: this item is included in nep-pub
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