Debt and Deficit Projections

Source:  CBO, April 2018

Link to CBO Nonpartisan Deficit Projections April 2018

  • Note:  The projections in this report from CBO assume that current laws remain unchanged, i.e., individual tax cuts expire in 2025 and defense and non-defense discretionary spending drops significantly to sequester cap levels in FY’20.  If Congress continues discretionary spending at FY’18 and ’19 levels and makes the tax cuts permanent, deficits and debt will grow faster.

Realistic “alternative” CBO baseline April 2018

Aging of the population and rising health care costs fueling deficit

Effects of the 2017 Tax Act on Economic and Budget Projections

Deficit impact of Tax Expenditures

Impact of Automatic Stabilizers Triggered by a Recession

Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from January 2011 Through March 2011

Impact of the 2007-2009 Recession

Interest payments doubling as a percent of GDP 2018-2028