Government Information

Earl Gregg Swem Library

The 2017 Long-Term Budget Outlook

Categories: Business/Economics,Govt Finance,Headlines,Medicare/Medicaid,Retirement/Social Security,Statistics

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52480-ltbo.pdf

Finds that U.S. federal debt held by the public is now at 77% of GDP, the highest level since shortly after World War II.  If current laws remain unchanged, the debt will rise sharply over the next 30 years to 150% of GDP.  The report also discusses the demographic and economic trends that underlie the long-term projections.  From the Congressional Budget Office