ABSTRACT

Budget and Economic Outlook: 2022 to 2032   [open pdf - 4MB]

From the Document: "In this report, the Congressional Budget Office [CBO] describes its projections of the federal budget and the U.S. economy under current law for this year and the decade that follows. Cumulative deficits projected for the 2022-2031 period are larger than those in the projections that CBO published last July. Revenues have increased in CBO's projections, buoyed in part by the stronger-than-anticipated economy, which CBO expects to persist. But higher projected inflation and interest rates have pushed up outlays for interest payments on federal debt and for benefit programs such as Social Security. Recently enacted legislation has increased CBO's projections of discretionary spending."

Report Number:
Congressional Budget Office Publication 57950
Publisher:
Date:
2022-05
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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