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An Analysis of the President’s 2019 Budget

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  • Congressional Budget Office

Abstract

The cumulative deficit under the President’s policies would total $9.5 trillion over the 2019–2028 period, $2.9 trillion less than in CBO's baseline. Over that period, the deficit would range from 3.2 percent to 4.5 percent of GDP, averaging 3.7 percent. As a result, federal debt held by the public would increase from 78 percent of GDP this year to 86 percent in 2028.

Suggested Citation

  • Congressional Budget Office, 2018. "An Analysis of the President’s 2019 Budget," Reports 53884, Congressional Budget Office.
    • Handle: RePEc:cbo:report:53884
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    File URL: https://www.cbo.gov/system/files/2018-08/53884-apb2019.pdf
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    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • 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

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