The 2013 Long Term Budget Outlook
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The 2013 Long Term Budget Outlook
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Author : United States. Congressional Budget Office
language : en
Publisher:
Release Date : 2013
The 2013 Long Term Budget Outlook written by United States. Congressional Budget Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Budget categories.
The 2013 Long Term Budget Outlook
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Author : United States. Congressional Budget Office
language : en
Publisher:
Release Date : 2013
The 2013 Long Term Budget Outlook written by United States. Congressional Budget Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Budget categories.
2013 Long Term Budget Outlook
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Author : Joyce Manchester
language : en
Publisher:
Release Date : 2013-10-17
2013 Long Term Budget Outlook written by Joyce Manchester and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-17 with categories.
This report presents projections of federal spending and revenues. Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73% of the economy's annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. If current laws generally remained in place, federal debt held by the public would decline slightly relative to GDP over the next several years. After that, however, growing deficits would ultimately push debt back above its current high level. This report projects that federal debt held by the public would reach 100% of GDP in 2038, 25 years from now, even without accounting for the harmful effects that growing debt would have on the economy. Moreover, debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely. Tables and figures. This is a print on demand report.
The 2012 Long Term Budget Outlook
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Author :
language : en
Publisher:
Release Date : 2012
The 2012 Long Term Budget Outlook written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Budget categories.
In the past few years, the federal government has been recording the largest budget deficits since 1945, both in dollar terms and as a share of the economy. Consequently, the amount of federal debt held by the public has surged. At the end of 2008, that debt equaled 40 percent of the nation's annual economic output (gross domestic product, or GDP)--a little above the 40-year average of 38 percent. Since then, the figure has shot upward: By the end of this year, the Congressional Budget Office (CBO) projects, federal debt will exceed 70 percent of GDP--the highest percentage since shortly after World War II. The sharp rise in debt stems partly from lower tax revenues and higher federal spending caused by the severe economic downturn and from policies enacted during the past few years. However, the growing debt also reflects an imbalance between spending and revenues that predated the recession. Whether that debt will continue to grow in coming decades will be affected not only by long-term demographic and economic trends but also by policymakers' decisions about taxes and spending. The aging of the baby-boom generation portends a significant and sustained increase in the share of the population receiving benefits from Social Security and Medicare, as well as long-term care services financed by Medicaid. Moreover, per capita spending for health care is likely to continue rising faster than spending per person on other goods and services for many years (although the magnitude of that gap is uncertain). Without significant changes in government policy, those factors will boost federal outlays relative to GDP well above their average of the past several decades--a conclusion that holds under any plausible assumptions about future trends in demographics, economic conditions, and health care costs. According to CBO's projections, if current laws remained in place, spending on the major federal health care programs alone would grow from more than 5 percent of GDP today to almost 10 percent in 2037 and would continue to increase thereafter.1 Spending on Social Security is projected to rise much less sharply, from 5 percent of GDP today to more than 6 percent in 2030 and subsequent decades. Altogether, the aging of the population and the rising cost of health care would cause spending on the major health care programs and Social Security to grow from more than 10 percent of GDP today to almost 16 percent of GDP 25 years from now. That combined increase of more than 5 percentage points for such spending as a share of the economy is the federal government's programs and activities equivalent to about $850 billion today. (By comparison, spending on all of, excluding net outlays for interest, has averaged about 18.5 percent of GDP over the past 40 years.) If lawmakers continued certain policies that have been in place for a number of years or modified some provisions of current law that might be difficult to sustain for a long period, the increase in spending on health care programs and Social Security would be even larger. Absent substantial increases in federal revenues, such growth in outlays would result in greater debt burdens than the United States has ever experienced.
The Long Term Budget Outlook
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Author :
language : en
Publisher: Government Printing Office
Release Date :
The Long Term Budget Outlook written by and has been published by Government Printing Office this book supported file pdf, txt, epub, kindle and other format this book has been release on with Budget categories.
The Long Term Budget Outlook
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Author : Benjamin R. Page
language : en
Publisher: Congress
Release Date : 2000
The Long Term Budget Outlook written by Benjamin R. Page and has been published by Congress this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
"This report examines some of the pressures on the federal government that are likely to develop over the next 75 years. It is based on the Congressional Budget Office's (CBO's) 10-year baseline projections of July 2000"--Pref.
Long Term Budget Outlook
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Author : Ben Page
language : en
Publisher: DIANE Publishing
Release Date : 2008-10
Long Term Budget Outlook written by Ben Page and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-10 with Business & Economics categories.
This report examines some of the pressures on the federal budget that are likely to develop over the next 75 years. It is based on the Congressional Budget Office¿s (CBO) 10-year baseline projections of July 2000. Contents: Long-term Pressures on Spending; The Budgetary and Economic Implications of an Aging Population and Rising Health Costs; Conclusion; and Appendix: Details of the Assumptions Underlying CBO¿s Long-term Projections. Graphs and tables.
The Long Term Budget Outlook
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Author :
language : en
Publisher:
Release Date : 2013
The Long Term Budget Outlook written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Budget categories.
The Congressional Budget Office S Long Term Budget Outlook
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Author : United States. Congress. House. Committee on the Budget
language : en
Publisher:
Release Date : 2014
The Congressional Budget Office S Long Term Budget Outlook written by United States. Congress. House. Committee on the Budget and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Budget categories.
The Congressional Budget Office S Long Term Budget Outlook
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Author : United States. Congress
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-12-07
The Congressional Budget Office S Long Term Budget Outlook written by United States. Congress and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-07 with categories.
The Congressional Budget Office's long-term budget outlook : hearing before the Committee on the Budget, House of Representatives, One Hundred Thirteenth Congress, first session, hearing held in Washington, DC, September 26, 2013.