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Budget Outlook 2022.pdf

57971-LTBO.pdf
Preview of Budget Outlook 2022
🔗 Source: cbo.gov
📊 Size: 2.86 MB
👤 Author: Congressional Budget Office
⬇️ Downloads: 52

Summary

The Congressional Budget Office's 2022 Long-Term Budget Outlook report projects that federal deficits will average 7.3% of GDP from 2022 to 2052, with debt held by the public reaching 98% of GDP by the end of 2022 and rising to 185% by 2052. Spending is expected to increase, driven by growth in healthcare and Social Security costs, while revenues will rise due to scheduled changes in tax rules. The report warns that high and rising debt could slow economic growth, increase interest payments, and heighten the risk of a fiscal crisis.

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Description

The Congressional Budget Office's 2022 Long-Term Budget Outlook report projects that federal deficits will average 7.3% of GDP from 2022 to 2052, with debt...

Technical Information

  • File Format: PDF
  • File Size: 2.86 MB
  • Pages: 69
  • Language: EN
  • Author: Congressional Budget Office
  • Total Downloads: 52
  • Last Updated: 3 weeks ago

Document Overview

This PDF document about Budget Outlook 2022 provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Budget Outlook 2022.

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