An Update To The Budget And Economic Outlook Fiscal Years 2015 To 2025

Learn About America’s Monetary Policy, Interest Rates, and Economic projections! 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.

The federal budget deficit, which has fallen sharply during the past few years, is projected to hold steady relative to the size of the economy through 2018. Beyond that point, however, the gap between spending and revenues is projected to grow, further increasing federal debt relative to the size of the economy—which is already historically high. Those projections by the Congressional Budget Office, based on the assumption that current laws governing taxes and spending will generally remain unchanged, are built upon the agency's economic forecast. According to that forecast, the economy will expand at a solid pace in 2015 and for the next few years—to the point that the gap between the nation's output and its potential (that is, maximum sustainable) output will be essentially elimi-nated by the end of 2017. As a result, the unemployment rate will fall a little further, and more people will be encouraged to enter or stay in the labor force. Beyond 2017, CBO projects, real (inflation-adjusted) gross domestic product (GDP) will grow at a rate that is nota-bly less than the average growth during the 1980s and 1990s.

Reports on the state of the United States economy and the Federal budget.

Learn About America's Monetary Policy, Interest Rates, and Economic projections! CBO's economic forecast--which underlies its budget projections--indicates that, under current law, the economy will expand through 2018 at a pace that leads to further tightening of the labor market. Greater demand for workers will put downward pressure on the unemployment rate and upward pressure on the rate of labor force participation. As the amount of unused productive resources in the economy shrinks, inflation and interest rates are projected to rise. In the later part of the 10-year projection period, annual output growth is projected to average 1.9 percent, constrained by a relatively slow increase in the size of the nation's labor force. 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. Members of Congress, government agency personnel at Federal and State level, plus investors may be interested in this updated edition. Related products: Congressional Budget Reports & Economic Analyses resources collection can be found here: https://bookstore.gpo.gov/catalog/budget-economy/congressional-budget-reports-economic-analyses Budget of the U.S. Government, A New Foundation for American Greatness, Fiscal Year 2018 is available here: https://bookstore.gpo.gov/products/budget-united-states-government-fy-2018-paperback-book Major Savings and Reforms: Budget of the U.S. Government, Fiscal Year 2018 can be found here: https://bookstore.gpo.gov/products/major-savings-and-reforms-budget-us-government-fiscal-year-2018 Sign up today for an annual print subscription to Economic Indicators that provide economic information on gross domestic product, income, employment, prices, wages, production, business activity, security markets, Federal Finance, and more at this link: https://bookstore.gpo.gov/products/sku/752-004-00000-5?ctid=

This report shows that the federal budget deficit, which has fallen sharply during the past few years, is projected to hold steady relative to the size of the economy through 2018. Beyond then, the gap between spending and revenues is projected to grow, further increasing federal debt relative to the size of the economy -- which is already historically high. The report predicts that the economy will expand at a solid pace in 2015 and for the next few years -- to the point that the gap between the nation's output and its potential (maximum sustainable) output will be essentially eliminated by the end of 2017. Hence, the unemployment rate will fall a little further, and more people will be encouraged to enter or stay in the labor force. Beyond 2017, real (inflation-adjusted) GDP will grow at a rate notably less than the average growth during the 1980s and 1990s. Figures and tables. This is a print on demand report.

Learn About America's Monetary Policy, Interest Rates, and Economic projections! 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. Related products: Congressional Budget Reports & Economic Analyses resources collection can be found here: https://bookstore.gpo.gov/catalog/budget-economy/congressional-budget-reports-economic-analyses Budget of the U.S. Government Fiscal Year 2017 print volume can be found here: https://bookstore.gpo.gov/products/sku/041-001-00716-4?ctid=491 Sign up today for an annual print subscription to Economic Indicators that provide economic information on gross domestic product, income, employment, prices, wages, production, business activity, security markets, Federal Finance, and more at this link: https://bookstore.gpo.gov/products/sku/752-004-00000-5?ctid=

Ten year economic forecast of theFederal budgetby the CBO for long term governmental planning and a valuable tool for decision-making by associated private sector industries. An important resource for media news organizations to inform the general public of the potential impactthe economic climate has in personal life choices and decisions by Congress in shaping legislation effecting social and other key Federal public management responsibilities. The CBO updates the Outlook on a yearly basis to ensure the latest economicchanges are factored into the forecast.Other related products: Fiscal Year 2016 U.S. Federal Budget can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year/fiscal-year-2016-budgetFiscal Year 2017 U.S. Federal Budget can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year/fiscal-year-2017-budgetEconomic Indicators print annual subscription with monthly issue releases can be found here: https: //bookstore.gpo.gov/products/sku/752-004-00000-5?ctid= "

In addition to the usual macroeconomic and country assessments and statistical annex with projection data, this issue of the OECD Economic Outlook also includes special chapters on the persistence of high unemployment and drivers and vulnerabilities associated with international capital flows.