Interspersed with attractive graphics and tabular data, this updated report estimates that this year’s deficit will be noticeably smaller than the U.S. Congressional Budget Office (CBO) projected in March, and fiscal year 2015 will mark the sixth consecutive year in which the deficit declined as a percentage of gross domestic product (GDP) since it peaked in 2009. This report provides economists, fiscal planners, and budget teams with a valuable tool for long-term decision making based on CBO’s projections. In addition to the Gross Domestic Product and its growth, this report also provides guidance for areas of Federal revenues, Baseline Budget Projections for 2016 to 2025, and Federal Debt from 2016 to 2025, plus more.
High school students and above may find this report beneficial for U.S. economy, economic conditions, and America’s debt research papers. American citizens, small business, corporations, lobbyists, fiscal managers, economists, and media news outlets may find this information invaluable for understanding America’s future growth and management of debt.