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Proiected Spending, Revenues, and Deficits, The 2015 Long-Term Budget Outlook in 25 Slides

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Proiected Spending, Revenues, and Deficits,
Compared With Past Averages

Percentage of GDP
Federal Spending

Average,

l965'2°'4 17.4 y y, —2“. g7, 7 Deficit
Federal Revenues

17.7 i“;2;7“ _

2015

2040

s .53;

Spending for some of the largest federal programs and for net interest payments would be much larger as a share of
the economy than it has been, CBO proiects, while revenues would grow only slightly faster than GDF! As a result, by
2040, the defícit would equal about 5.9 percent of GDB more than twice its average over the past 50 years—even

without accounting for the harmful economic effects of rising debt.

CBO

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