Long-Term Federal Budget Simulations - Spring 2014 Update

Published: Apr 10, 2014. Publicly Released: Apr 10, 2014.

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Since 1992, GAO has published long-term fiscal simulations showing federal deficits and debt under different sets of policy assumptions. While the timing and pace of growth varies depending on the assumptions used, GAO's simulations illustrate that: (1) A fundamental imbalance between revenue and spending over the long term leads to continuous growth in debt as a share of gross domestic product (GDP), which is unsustainable, (2) Increases in spending are driven by an aging population and rising health care costs, (3) The growing gap between revenue and spending will further limit the federal government's flexibility to address future challenges.

Oct 12, 2017

Sep 20, 2017

May 3, 2017

Jan 18, 2017

Jan 17, 2017

Jan 12, 2017

Dec 20, 2016

Dec 8, 2016

  • budget icon, source: GAO

    State and Local Governments' Fiscal Outlook:

    2016 Update
    GAO-17-213SP: Published: Dec 8, 2016. Publicly Released: Dec 8, 2016.

Dec 1, 2016

Nov 17, 2016

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