Budget and Economic Outlook 2017 to 2027

The Congressional Budget Office (CBO) routinely presents the latest possible forecast of economic activity projected a decade in advance. These forecasts are continually updated to reflect social, political, and economic changes that could impact financial reporting results.

For the present period, the CBO outlook is summarized as follows:

- The Budget Deficit for 2017 Is Projected to Be Similar to Last Year's.

- Growing Deficits Through 2027 Are Projected to Drive Up Federal Debt.

- The Projected Deficit for 2017 Is Smaller than CBO's August 2016 Estimate, but the Cumulative Deficit Is Largely Unchanged.

- CBO Expects Moderate Economic Growth to Continue.

- Economic Activity Is Projected to Be Modestly Lower Than CBO Estimated in August.