2016 Long-Term Budget Outlook

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Our Price: $30.00

By Keith Hall (ad)
Year: 2016
Pages: 118
Binding Paperback
ISBN 978-1-4578-6397-4

Product Code: 1457863979

Description

This report projects that if current laws governing taxes and spending did not change, the U.S. would face steadily increasing federal budget deficits and debt over the next 30 years. Federal debt held by the public, equal to 39% of GDP at the end of FY 2008, has already risen to 75% of GDP in the wake of a financial crisis and a recession. In these projections, that debt rises to 86% of GDP in 2026 and to 141% in 2046 -- exceeding the historical peak of 106% just after World War II. The prospect of such large debt poses substantial risks for the nation. Contents: The Long-Term Fiscal Imbalance; The Long-Term Outlook for Social Security, the Major Federal Health Care Programs, Other Federal Noninterest Spending, and Federal Revenues; The Effects of Illustrative Budgetary Paths on the Long-term Outlook; The Uncertainty of Long-Term Budget Projections; Projections of Economic and Demographic Trends; Changes in Long-Term Budget Projections Since June 2015. Tables and figures. This is a print on demand report.

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