The Budget and Economic Outlook: 2018 to 2028

Congressional Budget Office

No 53651, Reports from Congressional Budget Office

Abstract: If current laws governing taxes and spending generally remained unchanged, the federal budget deficit would grow substantially over the next few years, CBO projects, with accumulating deficits driving debt held by the public to nearly 100 percent of GDP by 2028. That amount would be far greater than the debt in any year since just after World War II. In CBO’s projections, real GDP growth is relatively strong this year and next, as recent changes in fiscal policy add to existing momentum.

JEL-codes: H20 H60 H61 H62 H63 H68 (search for similar items in EconPapers)
Date: 2018-04-09
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