An Update to the Budget and Economic Outlook: 2015 to 2025

Interspersed with attractive graphics and tabular data, this updated report estimates that this year’s deficit will be noticeably smaller than the U.S. Congressional Budget Office (CBO) projected in March, and fiscal year 2015 will mark the sixth consecutive year in which the deficit declined as a percentage of gross domestic product (GDP) since it peaked in 2009.  This report provides economists, fiscal planners, and budget teams with a valuable tool for long-term decision making based on CBO’s projections.  In addition to the Gross Domestic Product and its growth, this report also provides guidance for areas of Federal revenues, Baseline Budget Projections for 2016 to 2025, and Federal Debt from 2016 to 2025, plus more.  

Related products:

Congressional Budget Reports & Economic Analyses resources collection can be found here: https://bookstore.gpo.gov/catalog/budget-economy/congressional-budget-re...

Budget of the U.S. Government Fiscal Year 2017 print volume can be found here: https://bookstore.gpo.gov/products/sku/041-001-00716-4?ctid=491

Sign up today for an annual print subscription to Economic Indicators that provide economic information on gross domestic product, income, employment, prices, wages, production, business activity, security markets, Federal Finance, and more at this link: https://bookstore.gpo.gov/products/sku/752-004-00000-5?ctid=

Table of Contents (Summary):

The Budget Deficit for 2015 Will Be Smaller Than Last Year’s
Rising Deficits After 2018 Are Projected to Gradually Boost Debt Relative to GDP
The Economy Is Expected to Grow Modestly This Year  and at a Solid Pace for the Next Few Years

1 The Budget Outlook
The Budget Outlook for 2015
CBO’s Baseline Budget Projections for 2016 to 2025
Alternative Assumptions About Fiscal Policy
Changes in CBO’s Baseline Projections Since March 2015

2 The Economic Outlook
The Economic Outlook for 2015 Through 2019
    BOX 2-1: RECENT REVISIONS TO THE NATIONAL INCOME AND PRODUCT ACCOUNTS
The Economic Outlook for 2020 Through 2025
Projections of Income
Some Uncertainties in the Economic Outlook
Comparison with CBO’s January 2015 Projections
Comparison with Other Economic Projections

A     Changes to CBO’s Baseline Since March 2015

B     CBO’s Economic Projections for 2015 to 2025

       List of Tables and Figures

       About This Document

High school students and above may find this report beneficial for U.S. economy, economic conditions, and America’s debt research papers.  American citizens, small businesses, corporations, lobbyists, fiscal managers, economists, and media news outlets may find this information invaluable for understanding America’s future growth and management of debt.