The 2019 Long-Term Budget Outlook

The 2019 Long-Term Budget Outlook
Each year, the Congressional Budget O?ce publishes a report presenting its budget projections for the next 30 years. Those extended baseline projections generally re?ect current law. This report is the latest in the series. It includes: Debt in
CBO's Extended Baseline Projections: Projection incorporates CBO's central estimates of various factors, such as productivity growth and interest rates on federal debt.
Debt Under Alternative Scenarios: If lawmakers changed current laws to maintain certain major policies now in place-most signi?cantly, if they prevented a cut in discretionary spending in 2020 and an increase in individual income taxes in 2026-then debt held by the public would increase even more, reaching 219 percent of GDP by 2049.
Other Possible Outcomes: The agency's projections of debt are highly sensitive to changes in the factors underlying them.
Interest Costs: The projected increase in federal borrowing would lead to signi?cantly higher interest costs.
Noninterest Spending: Mainly owing to the aging of the population, spending for Social Security and the major health care programs (primarily Medicare) is projected to rise as a percentage of GDP over the coming decades.
Revenues: Measured as a percentage of GDP, revenues are projected to be roughly ?at over the next few years, rise slowly, and then jump in 2026 because of the scheduled expiration of certain provisions of the 2017 tax act.
Comparison With Last Year's Projections: Debt as a percentage of GDP in 2048 is 11 percentage points lower in this year's extended baseline projections than it was in last year's. Why buy a book you can download for free? We print the paperback book so you don't have to. First you gotta find a good clean (legible) copy and make sure it's the latest version (not always easy). Some documents found on the web are missing some pages or the image quality is so poor, they are difficult to read. If you find a good copy, you could print it using a network printer you share with 100 other people (typically its either out of paper or toner). If it's just a 10-page document, no problem, but if it's 250-pages, you will need to punch 3 holes in all those pages and put it in a 3-ring binder. Takes at least an hour. It's much more cost-effective to just order the bound paperback from Amazon.com This book includes original commentary which is copyright material. Note that government documents are in the public domain. We print these paperbacks as a service so you don't have to. The books are compact, tightly-bound paperback, full-size (8 1/2 by 11 inches), with large text and glossy covers. 4th Watch Publishing Co. is a HUBZONE SDVOSB. https: //usgovpub.com Following is a list of related books we print that are readily available at Amazon.com
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