How Changes in Economic Conditions Might Affect the Federal Budget: 2025 to 2035

Congressional Budget Office

No 61198, 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 the cumulative deficit for the 2026–2035 period to be larger than it is in CBO’s baseline projections—by an amount between $184 billion and $388 billion. (The total deficit projected for that period is $21.8

JEL-codes: E23 E31 E47 H60 J21 (search for similar items in EconPapers)
Date: 2025-03-13
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