The Budget and Economic Outlook: 2025 to 2035; How CBO Supports the Congress; The Demographic Outlook: 2025 to 2055; The Accuracy of CBO’s Budget Projections for Fiscal …

Since 1975, CBO has produced independent analyses of budgetary and economic issues to support the Congressional budget process. Each year, the agency’s economists and budget …

Jan 7, 2025 · Lawmakers created the Congressional Budget Office to help the Congress play a stronger role in budget matters. CBO was established by the Congressional Budget Act of …

Jan 17, 2025 · The Congressional Budget Act of 1974 requires CBO to produce an annual report on federal spending, revenues, and deficits or surpluses. This document provides answers to …

CBO regularly publishes data to accompany some of its key reports. These data have been published in the Budget and Economic Outlook and Updates and in their associated …

For more information, see Congressional Budget Office, How Specifications of the Reference Tax System Affect CBO’s Estimates of Tax Expenditures (December 2021), …

Aug 28, 2024 · In CBO’s projections, spending for Social Security rises relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the balances …

Jan 15, 2025 · In CBO’s projections, the federal budget deficit is $1.9 trillion this year, and federal debt rises to 118 percent of GDP in 2035. Economic growth slows and inflation declines over …

Established under the Congressional Budget Act of 1974, CBO provides objective, nonpartisan information to support the budget process and to help the Congress make effective budget …

Jan 17, 2025 · CBO's Budget and Economic Outlook, typically produced in January each year and updated in August, includes an economic forecast and projections of spending and revenues …