Unsustainable Budget Deficits

Excessive government spending, especially on autopilot (mandatory) programs, will continue to increase budget deficits if left unchecked. By 2053, the federal budget deficit is projected to be 11.2 percent of GDP. That is over three and a half times the 50-year average, and would represent one-ninth of the economy. Lawmakers must cut spending and pursue structural budget reforms to control these deficits.

floor chart

Updated March 9, 2023

Source: Congressional Budget Office

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