How Changes in Economic Conditions Might Affect the Federal Budget: 2024 to 2034

Congressional Budget Office

No 60072, Reports from Congressional Budget Office

Abstract: To show how variations in economic conditions might affect its budget projections, CBO analyzed how revenues, outlays, and deficits might change if the values of key economic variables differed from those in the agency’s forecast. To do so, CBO generated four economic scenarios that would result in larger budget deficits. In isolation, each of those scenarios would cause cumulative deficits to be larger than the amounts projected in CBO’s baseline by between $142 billion and $324 billion over the 2025–2034 period.

JEL-codes: E23 E31 E47 H60 J21 (search for similar items in EconPapers)
Date: 2024-04-29
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/2024-04/60072-Economic-Conditions.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:60072

Access Statistics for this paper

More papers in Reports from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().