Congressional Budget Office The University of Chicago Booth School of Business . Chicago, Illinois . March 7, 2016 . Wendy Edelberg . Associate Director for Economic Analysis

HTML Format - At a Glance The size of the U.S. population and its composition by age and sex have significant implications for the economy and the federal budget. For example, the number of people ages 25 to 54 affects the number of people who are employed, and the number of people age 65 or older affects the number of Social Security and Medicare beneficiaries.

CONGRESSIONAL BUDGET OFFICE 1 Overview New requirement for dynamic scoring CBO’s approach to analyzing effects of fiscal policy Case study: A dynamic estimate of repealing the

Deficits. In CBO’s projections, the federal budget deficit in fiscal year 2025 is $1.9 trillion. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit grows to $2.7 trillion by 2035.

This report provides additional details about the economic forecast that CBO published on January 17, 2025, in The Budget and Economic Outlook: 2025 to 2035.In CBO’s current forecast, the economy grows more slowly in calendar years 2025 and 2026 than it did in 2024, and economic growth averages roughly 1.8 percent a year from 2027 to 2035.

Jan 17, 2025 · Changes in CBO’s Budget Projections. The deficit for 2025 is $0.1 trillion (or 4 percent) less in CBO’s current projections than it was in the agency’s June 2024 projections, and the cumulative deficit over the 2025–2034 period is smaller by $1.0 trillion (or 4 percent).

Contents The Budget and Economic Outlook: 2025 to 2035 1 The Budget Outlook 1 The Economic Outlook 5 Appendix A: Changes in CBO’s Baseline Projections Since June 2024 9 Appendix B: The Budget Outlook in Tables 19 Appendix C: The Economic Outlook in Tables 27 Appendix D: Tax Expenditures 33 Appendix E: Table and Figure Notes 35 …

Budget Analysis Division. The Budget Analysis Division produces baseline projections of federal spending, publishes cost estimates for nearly every bill approved by Congressional committees, and fulfills thousands of requests for technical assistance as committees are considering which legislation to advance. The cost estimates include estimates not only of the effects of the legislation on ...

2 THE CONGRESSIONAL BUDGET OFFICE’S REQUEST FOR APPROPRIATIONS FOR FISCAL YEAR 2026 FEBRUARY 2025 Components of CBO’s Requested $5.8 Million Increase $2.2 million $0.8 $3.0 million for personnel costs Components of Requested $5.8 Million Increase (Reflects rounding) $2.8 million for nonpersonnel costs

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