"State and Local Government Action Required to Maintain Balance (Expenditure Reductions as a Percentage of Gross Domestic Product (GDP)), 2008 through 2067" "Year" "Total expenditures to maintain current policy" "Total expenditures to maintain balance" 2008 15.68 2009 16.75 2010 16.33 2011 15.67 2012 15.14 2013 14.97 2014 14.83 2015 14.87 2016 15.00 2017 14.77 2018 14.56 13.34 2019 14.31 13.34 2020 14.46 13.48 2021 14.64 13.61 2022 14.74 13.63 2023 15.00 13.76 2024 15.08 13.77 2025 15.28 13.83 2026 15.50 13.91 2027 15.54 13.90 2028 15.67 13.94 2029 15.72 13.96 2030 15.80 13.98 2031 15.96 14.05 2032 16.02 14.06 2033 16.07 14.06 2034 16.13 14.06 2035 16.18 14.07 2036 16.23 14.07 2037 16.29 14.07 2038 16.35 14.07 2039 16.40 14.08 2040 16.46 14.09 2041 16.52 14.09 2042 16.57 14.10 2043 16.62 14.12 2044 16.71 14.15 2045 16.87 14.23 2046 16.92 14.24 2047 16.96 14.25 2048 17.00 14.27 2049 17.05 14.28 2050 17.10 14.30 2051 17.15 14.31 2052 17.19 14.33 2053 17.24 14.34 2054 17.28 14.36 2055 17.33 14.37 2056 17.37 14.38 2057 17.41 14.40 2058 17.45 14.41 2059 17.49 14.42 2060 17.53 14.44 2061 17.58 14.46 2062 17.63 14.47 2063 17.67 14.49 2064 17.72 14.51 2065 17.77 14.53 2066 17.82 14.54 2067 17.87 14.56 URL: https://www.gao.gov/americas_fiscal_future?t=fiscal_forecast | TXT Last Updated: 12/12/2018