An Update to the Budget and Economic Outlook: 2017 to 2027
Abstract
The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory in relation to the nations economic output, and federal debt would rise. Economic grow this projected to remain modest, averaging slightly above 2.0 percent through 2018 and averaging somewhat below that rate for the rest of the period through 2027. The budgetary and economic trends discussed in this report are similar to those CBO described in January, when the agency issued its previous estimates.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 2017
- Accession Number
- AD1057392
Entities
People
- Ed Harris
- Janet Holtzblatt
- Jeffrey Werling
- John Mcclelland
- Kim Kowalewski
- Mark Booth
- Robert Arnold
Organizations
- Congressional Budget Office