Press Briefing Slides on the budget and economic outlook 2015 to 2025
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The Congressional Budget Office presented its Budget and Economic Outlook for 2015 to 2025. The CBO director Douglas Elmendorf discussed projections that showed growing budget deficits, a rising federal debt level, increasing spending primarily on healthcare programs, and steady economic growth over the next decade. Key inputs in the CBO's economic projections included slower potential labor force growth and steady potential productivity and inflation.
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Press Briefing Slides on the budget and economic outlook 2015 to 2025
- 1. Congressional Budget Office The Budget and Economic Outlook: 2015 to 2025 Press Briefing Douglas W. Elmendorf Director January 26, 2015 For more details, see www.cbo.gov/publication/49892.
- 2. 1C O N G R E S S I O N A L B U D G E T O F F I C E The Budget Outlook
- 3. 2C O N G R E S S I O N A L B U D G E T O F F I C E Total Deficits or Surpluses
- 4. 3C O N G R E S S I O N A L B U D G E T O F F I C E Federal Debt Held by the Public
- 5. 4C O N G R E S S I O N A L B U D G E T O F F I C E Total Outlays
- 6. 5C O N G R E S S I O N A L B U D G E T O F F I C E Outlays, by Type of Spending
- 7. 6C O N G R E S S I O N A L B U D G E T O F F I C E Total Outlays and Revenues
- 8. 7C O N G R E S S I O N A L B U D G E T O F F I C E Revenues, by Major Source
- 9. 8C O N G R E S S I O N A L B U D G E T O F F I C E The Economic Outlook
- 10. 9C O N G R E S S I O N A L B U D G E T O F F I C E Projected Growth in Real GDP
- 11. 10C O N G R E S S I O N A L B U D G E T O F F I C E GDP and Potential GDP
- 12. 11C O N G R E S S I O N A L B U D G E T O F F I C E Overall and Natural Rates of Unemployment
- 13. 12C O N G R E S S I O N A L B U D G E T O F F I C E Key Inputs in CBO’s Projection of Potential GDP By Calendar Year, in Percent Average Annual Growth Projected Average Annual Growth 1982- 2002- 2015- 2020- 2001 2014 2019 2025 Potential GDP 3.2 2.1 2.1 2.2 Potential Labor Force 1.4 0.7 0.5 0.6 Potential Labor Force Productivity 1.7 1.4 1.6 1.6
- 14. 13C O N G R E S S I O N A L B U D G E T O F F I C E Inflation
- 15. 14C O N G R E S S I O N A L B U D G E T O F F I C E Interest Rates on Treasury Securities