Sunday, July 22, 2018

CBO Long Term Budget Outlook for 2018

On June 26, 2018 the Congressional Budget Office released its annual Long Term Budget Outlook for 2018, which projects federal spending and revenue out into the 2040s.  As before, the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 28 percent GDP by mid century while federal revenue stays below 20 percent GDP. has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.