"Figure 2: Extent of State and Local Government Action Required to Maintain Balance (State and Local Expenditures, as a Percentage of Gross Domestic Product)" Year Base Case Maintain Balance 2005 14.7 14.7 2006 14.4 14.4 2007 14.8 14.8 2008 15.3 15.3 2009 16.0 16.0 2010 15.7 15.7 2011 15.2 15.2 2012 14.7 13.5 2013 14.9 13.3 2014 15.2 13.6 2015 15.1 13.6 2016 15.0 13.7 2017 14.9 13.7 2018 15.0 13.8 2019 15.1 13.9 2020 15.2 14.0 2021 15.3 14.1 2022 15.5 14.1 2023 15.5 14.2 2024 15.4 14.1 2025 15.6 14.1 2026 15.6 14.1 2027 15.8 14.2 2028 15.9 14.2 2029 15.9 14.2 2030 16.0 14.2 2031 16.1 14.2 2032 16.2 14.2 2033 16.2 14.2 2034 16.3 14.2 2035 16.4 14.3 2036 16.6 14.3 2037 16.6 14.4 2038 16.7 14.4 2039 16.8 14.4 2040 16.8 14.4 2041 16.8 14.3 2042 17.0 14.4 2043 17.0 14.4 2044 17.3 14.5 2045 17.3 14.5 2046 17.5 14.6 2047 17.5 14.6 2048 17.5 14.5 2049 17.7 14.6 2050 17.6 14.5 2051 17.8 14.6 2052 17.9 14.6 2053 17.9 14.6 2054 18.0 14.6 2055 18.1 14.6 2056 18.2 14.7 2057 18.2 14.6 2058 18.3 14.7 2059 18.5 14.8 2060 18.5 14.7