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Bookmark or Share- Budget and Economic Data | Congressional Budget OfficeProjections of output, prices, labor market measures, interest rates, and income. Beginning in January 2020, these files also include projections of potential GDP (the economy’s maximum sustainable output) and its underlying inputs. In May 2020, CBO published selected 2-year and 10-year economic projections.
- An Update to the Budget and Economic Outlook: 2024 to 2034In CBO’s projections, the deficit totals nearly $2 trillion this year. Large deficits push federal debt held by the public to 122 percent of GDP in 2034. Economic growth slows to 2.0 percent in 2024 and 1.8 percent in 2026 and later years.
- Budget | Congressional Budget OfficeCBO's regular budget publications include semiannual reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget picture, and a biannual set of options for reducing budget deficits.
- Congressional Budget OfficeCBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation. CBO does not make policy recommendations, and each report and cost estimate summarizes the methodology underlying the analysis.
- The Budget and Economic Outlook: 2024 to 2034Projections at a Glance The Federal Budget The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. Thereafter, deficits steadily mount, reaching $2.6 trillion in 2034. Measured in relation to gross domestic product (GDP), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 ...
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