Outlook for the Budget and the Economy Report

The Congressional Budget Office's (CBO) Budget and Economic Outlook, includes an economic forecast and projections of spending and revenues under current law—known as baseline projections—over the next 10 years. CBO also updates its budget projections each spring in conjunction with its analysis of the President’s budgetary proposals. By showing outcomes if current laws generally remained in place, the baseline projections provide the Congress with a benchmark against which to measure the effects of proposed changes in spending and tax laws. CBO also analyzes the long-term budget outlook.

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Real Potential Gross Domestic Product

Current (Dec 2029) Previous (Sep 2029) % Chg Prev % Chg 1Y
23.01T 22.91T 0.45% 1.82%

Major Outlook for the Budget and the Economy Indicators

Indicator Period Value % Chg Prev
Real Potential Gross Domestic Product Q4 2029 23.01T Chn 2009 USD 0.45%
View and sort all 1 Outlook for the Budget and the Economy Report Indicators
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