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Congressional Budget Office




Federal Budget Challenges


Presentation at the U.S. Monetary Policy Forum
Douglas W. Elmendorf
Director
February 22, 2013
Total Federal Deficits or Surpluses

  (Percentage of GDP)




    Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013).

                            CONGRESSIONAL BUDGET OFFICE
Total Federal Revenues and Outlays

    (Percentage of GDP)




   Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013).

                           CONGRESSIONAL BUDGET OFFICE
Federal Debt Held by the Public

    (Percentage of GDP)
                                                                                             Actual   Projected




    Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013).

                          CONGRESSIONAL BUDGET OFFICE
Projected Growth in Major Federal Spending Categories

    (Percentage of GDP)




   Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013).

                           CONGRESSIONAL BUDGET OFFICE
Unemployment Rate

   (Percent)




   Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013).

                         CONGRESSIONAL BUDGET OFFICE
Components of Federal Spending

     (Percentage of GDP)




     Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013).

                        CONGRESSIONAL BUDGET OFFICE

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Federal Budget Challenges

  • 1. Congressional Budget Office Federal Budget Challenges Presentation at the U.S. Monetary Policy Forum Douglas W. Elmendorf Director February 22, 2013
  • 2. Total Federal Deficits or Surpluses (Percentage of GDP) Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013). CONGRESSIONAL BUDGET OFFICE
  • 3. Total Federal Revenues and Outlays (Percentage of GDP) Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013). CONGRESSIONAL BUDGET OFFICE
  • 4. Federal Debt Held by the Public (Percentage of GDP) Actual Projected Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013). CONGRESSIONAL BUDGET OFFICE
  • 5. Projected Growth in Major Federal Spending Categories (Percentage of GDP) Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013). CONGRESSIONAL BUDGET OFFICE
  • 6. Unemployment Rate (Percent) Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013). CONGRESSIONAL BUDGET OFFICE
  • 7. Components of Federal Spending (Percentage of GDP) Estimates from The Budget and Economic Outlook: Fiscal Years 2013 to 2023 (February 2013). CONGRESSIONAL BUDGET OFFICE