Accession Number PB2014-100083
Title Long-Term Budget Outlook, 2013.
Publication Date Sep 2013
Media Count 126p
Personal Author N/A
Abstract Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economys annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. If current laws generally remained in place, federal debt held by the public would decline slightly relative to GDP over the next several years, the Congressional Budget Office (CBO) projects. After that, however, growing deficits would ultimately push debt back above its current high level.
Keywords Congress
Economic analysis
Elderly persons
Expenses
Federal budgets
Fiscal policies
Health care costs
Long care planning
Medicaid
Medicare
Projections
Revenues
Social Security


 
Source Agency Congressional Budget Office
NTIS Subject Category 70F - Public Administration & Government
70B - Management Practice
44U - Health Care Delivery Organization & Administration
Corporate Author Congressional Budget Office, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1401
Contract Number N/A

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