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Options for Reducing the Deficit: 2017 to 2026

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  • Congressional Budget Office

Abstract

CBO projects steadily increasing federal budget deficits and debt in coming years if current laws remain generally unchanged. By 2026, debt held by the public, measured as a percentage of gross domestic product, would be more than twice the average over the past five decades—and growing. To assist the Congress in addressing the budgetary challenges facing the nation, CBO periodically issues a volume of options—115 in this year’s installment—that would decrease federal spending or increase federal revenues over the next decade.

Suggested Citation

  • Congressional Budget Office, 2016. "Options for Reducing the Deficit: 2017 to 2026," Reports 52142, Congressional Budget Office.
    • Handle: RePEc:cbo:report:52142
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    File URL: https://www.cbo.gov/system/files/2018-09/52142-budgetoptions2.pdf
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    Citations

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    Cited by:

    1. Doidge, Mary & Feng, Hongli & Hennessy, David A., 2018. "Farmers’ valuation of changes to crop insurance coverage level – a test of third generation prospect theory," 2018 Annual Meeting, August 5-7, Washington, D.C. 274478, Agricultural and Applied Economics Association.
    2. Mr. Fabien Gonguet & Klaus-Peter Hellwig, 2019. "Public Wealth in the United States," IMF Working Papers 2019/139, International Monetary Fund.
    3. Austin J. Drukker, 2021. "Implications of a Mortgage Interest Credit for the United States," Public Finance Review, , vol. 49(4), pages 573-588, July.

    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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