The Budget and Economic Outlook: 2025 to 2035 - Congressional …
It amounts to 6.2 percent of gross domestic product (GDP) in 2025 and drops to 5.2 percent by 2027 as revenues increase faster than outlays. In later years, outlays increase faster than revenues, on average.
U.S. Fiscal Outlook Remains Challenging Despite Near-Term Revenue …
Under our baseline forecasts, the general government (GG) fiscal deficit will narrow to 7.1% of GDP in 2025 from nearly 8% in 2024, chiefly due to higher revenue collection, including USD160 billion of …
Congressional Budget Office Updates Baseline: Deficit Totals to Third ...
Jan 21, 2025 · CBO now projects that deficit spending for FY25 will reach a staggering $1.9 trillion, the third-highest figure in American history. The FY 2025 deficit amounts to 6.2 percent of GDP (the 50 …
Analysis of CBO’s March 2025 Long-Term Budget Outlook
Mar 27, 2025 · Annual deficits will grow from 6.2 percent of GDP in 2025 – already twice as high as they were as recently as 2016 – to 7.3 percent of GDP by 2055. This is the highest they’ve ever been …
The Budget and Economic Outlook: 2025 to 2035
Jan 23, 2025 · In CBO’s baseline projections, the federal budget deficit in fiscal year 2025 is $1.9T. The deficit grows to $2.7 trillion by 2035. It amounts to 6.2% of GDP in 2025 and drops to 5.2% by 2027 …
Apr 14, 2025 · From fiscal 2027, we expect slower growth of Medicaid spending and federal transfers to offset some of the deficit impact. Faster inflation and sizeable import duty revenues help support …
US debt set to surge to 120% of GDP as federal deficits spiral over ...
Aug 26, 2025 · Under the updated baseline, CRFB projects that the national debt held by the public will rise from about 100% of gross domestic product (GDP) in 2025 to 120% of GDP by 2035. In dollar …
US Budget Deficit Forecast $1 Trillion Higher Over Next Decade ...
Aug 20, 2025 · The CRFB, which advocates for deficit reduction, projected a $1.7 trillion deficit in fiscal 2025 or 5.6% of GDP, down slightly from $1.83 trillion in 2024 and the CBO's 2025 projection of...
IMF sees U.S. fiscal deficit dipping in 2025, citing tariff revenue
Apr 23, 2025 · Against this backdrop, the deficit is estimated to drop to 5.6% of GDP in the medium term as revenues rise 0.7%, according to the IMF. To be sure, the report noted "the magnitude of the tariff...
Deficit Tracker - Bipartisan Policy Center
Dec 10, 2025 · Tracking the Federal Deficit: November 2025 The federal government’s cumulative deficit for fiscal year 2026 was $439 billion at the end of November—19% lower than the same time …