Spending and Revenue as a Percentage of GDP Fiscal Year Spending Revenue Deficit 2018 20.5% 16.4% 4.0% 2019 21.0% 16.5% 4.5% 2020 21.0% 16.6% 4.4% 2021 21.2% 16.6% 4.6% 2022 21.9% 16.7% 5.1% 2023 21.9% 16.8% 5.1% 2024 21.8% 17.1% 4.8% 2025 22.2% 17.1% 5.2% 2026 22.5% 17.2% 5.3% 2027 22.7% 17.0% 5.7% 2028 23.3% 17.0% 6.3% 2029 22.9% 17.0% 6.0% 2030 23.3% 17.1% 6.2% 2031 23.9% 17.2% 6.7% 2032 24.3% 17.3% 7.0% 2033 24.8% 17.4% 7.3% 2034 25.2% 17.4% 7.8% 2035 25.7% 17.4% 8.3% 2036 26.1% 17.4% 8.7% 2037 26.6% 17.4% 9.2% 2038 27.0% 17.4% 9.6% 2039 27.6% 17.4% 10.2% 2040 28.1% 17.4% 10.6% 2041 28.3% 17.4% 10.9% 2042 28.5% 17.4% 11.1% 2043 28.9% 17.4% 11.5% 2044 29.2% 17.4% 11.8% 2045 29.5% 17.4% 12.1% 2046 29.8% 17.4% 12.4% 2047 30.2% 17.4% 12.8% 2048 30.5% 17.4% 13.1% 2049 30.8% 17.4% 13.3% 2050 31.0% 17.4% 13.6% 2051 31.3% 17.4% 13.9% 2052 31.6% 17.4% 14.2% 2053 31.9% 17.4% 14.5% 2054 32.2% 17.4% 14.8% 2055 32.5% 17.4% 15.1% 2056 32.8% 17.4% 15.4% 2057 33.1% 17.4% 15.7% 2058 33.4% 17.4% 16.0% 2059 33.7% 17.4% 16.3% 2060 34.1% 17.4% 16.7% 2061 34.4% 17.4% 17.0% 2062 34.8% 17.4% 17.3% 2063 35.1% 17.4% 17.7% 2064 35.4% 17.4% 18.0% 2065 35.8% 17.4% 18.4% 2066 36.2% 17.4% 18.7% 2067 36.5% 17.4% 19.1% 2068 36.9% 17.4% 19.5% 2069 37.2% 17.4% 19.8% 2070 37.6% 17.4% 20.2% 2071 38.0% 17.4% 20.6% 2072 38.3% 17.4% 20.9% 2073 38.7% 17.4% 21.3% 2074 39.1% 17.4% 21.6% 2075 39.4% 17.4% 22.0% 2076 39.8% 17.4% 22.4% 2077 40.1% 17.4% 22.7% 2078 40.5% 17.4% 23.1% 2079 40.8% 17.4% 23.4% 2080 41.2% 17.4% 23.8% 2081 41.5% 17.4% 24.1% 2082 41.9% 17.4% 24.4% 2083 42.2% 17.4% 24.8% 2084 42.5% 17.4% 25.1% 2085 42.9% 17.4% 25.5% 2086 43.2% 17.4% 25.8% 2087 43.6% 17.4% 26.2% 2088 43.9% 17.4% 26.5% 2089 44.3% 17.4% 26.9% 2090 44.6% 17.4% 27.2% 2091 45.0% 17.4% 27.6% 2092 45.4% 17.4% 28.0% Source: GAO. Notes: Data are from GAO's 2019 alternative simulation. Read about the assumptions underlying this simulation. URL: https://www.gao.gov/americas_fiscal_future?t=drivers_and_trends | TXT Last Updated: 04/03/2019