IDEAS home Printed from https://ideas.repec.org/p/cbo/report/52801.html
   My bibliography  Save this paper

An Update to the Budget and Economic Outlook: 2017 to 2027

Author

Listed:
  • Congressional Budget Office

Abstract

In CBO’s baseline projections, the deficit in 2017 totals $693 billion, $134 billion more than CBO projected in January. If current law generally remained unchanged, the deficit would be on a path to rise over the next decade, with growth in revenues outpaced by growth in spending for large federal benefit programs and for interest payments on the debt.

Suggested Citation

  • Congressional Budget Office, 2017. "An Update to the Budget and Economic Outlook: 2017 to 2027," Reports 52801, Congressional Budget Office.
    • Handle: RePEc:cbo:report:52801
    as

    Download full text from publisher

    File URL: https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52801-june2017outlook.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rod Tyers & Yixiao Zhou, 2023. "Automation and inequality with taxes and transfers," Scottish Journal of Political Economy, Scottish Economic Society, vol. 70(1), pages 68-100, February.
    2. John C. Williams, 2017. "The Global Growth Slump: Causes and Consequences," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    3. Fatás, Antonio & Summers, Lawrence H., 2018. "The permanent effects of fiscal consolidations," Journal of International Economics, Elsevier, vol. 112(C), pages 238-250.
    4. Robert G. Murphy, 2019. "Can the Phillips Curve Explain Inflation over the Past Half-Century?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(2), pages 137-149, May.
    5. Michalis Nikiforos & Gennaro Zezza, 2017. "The Trump Effect: Is This Time Different?," Economics Strategic Analysis Archive sa_apr_17, Levy Economics Institute.
    6. John C. Williams, 2017. "What’s the Future of Interest Rates? The Answer’s in the Stars," Speech 183, Federal Reserve Bank of San Francisco.
    7. Xiuping Ji & Feiran Dong & Chen Zheng & Naipeng Bu, 2022. "The Influences of International Trade on Sustainable Economic Growth: An Economic Policy Perspective," Sustainability, MDPI, vol. 14(5), pages 1-15, February.
    8. Salvatore, Dominick, 2020. "Growth and trade in the United States and the world economy: Overview," Journal of Policy Modeling, Elsevier, vol. 42(4), pages 750-759.
    9. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2017. "Für eine zukunftsorientierte Wirtschaftspolitik. Jahresgutachten 2017/18 [Towards a Forward-Looking Economic Policy. Annual Report 2017/18]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201718.
    10. John C. Williams, 2017. "The Perennial Problem of Predicting Potential," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    11. Richard V. Burkhauser & Kevin Corinth & Douglas Holtz-Eakin, 2021. "Policies to Help the Working Class in the Aftermath of COVID-19: Lessons from the Great Recession," The ANNALS of the American Academy of Political and Social Science, , vol. 695(1), pages 314-330, May.
    12. Kan Chen & Nathaniel Karp, 2018. "Natural interest rates in the U.S., Canada and Mexico," Working Papers 18/07, BBVA Bank, Economic Research Department.
    13. Tomaz Cajner & Tyler Radler & David Ratner & Ivan Vidangos, 2017. "Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle," Finance and Economics Discussion Series 2017-071, Board of Governors of the Federal Reserve System (U.S.).
    14. Canofari, Paolo & Marini, Giancarlo & Piergallini, Alessandro, 2020. "Financial Crisis and Sustainability of US Fiscal Deficit: Indicators or Tests?," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 192-204.
    15. John C. Williams, 2017. "The Global Growth Slump: Causes & Consequences," Speech 180, Federal Reserve Bank of San Francisco.
    16. Maria Ana Matias & Rita Santos & Panos Kasteridis & Katja Grasic & Anne Mason & Nigel Rice, 2022. "Approaches to projecting future healthcare demand," Working Papers 186cherp, Centre for Health Economics, University of York.
    17. Josh Bivens, 2017. "A ‘High-Pressure Economy’ Can Boost Productivity," Challenge, Taylor & Francis Journals, vol. 60(5), pages 405-423, September.
    18. Daniel E. Sichel & J. Christina Wang, 2017. "The equilibrium real policy rate through the lens of standard growth models," Current Policy Perspectives 17-6, Federal Reserve Bank of Boston.
    19. Congressional Budget Office, 2018. "CBO’s Projection of Labor Force Participation Rates: Working Paper 2018-04," Working Papers 53616, Congressional Budget Office.

    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
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbo:report:52801. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbogvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.