Spending and Revenue as a Percentage of GDP Fiscal Year Spending Revenue Deficit 2019 21.1% 16.3% 4.8% 2020 21.1% 16.4% 4.7% 2021 21.0% 16.6% 4.5% 2022 21.5% 16.7% 4.8% 2023 21.6% 16.9% 4.7% 2024 21.6% 16.9% 4.7% 2025 22.1% 16.9% 5.2% 2026 22.4% 17.0% 5.5% 2027 22.6% 16.8% 5.8% 2028 23.3% 16.8% 6.5% 2029 22.9% 16.8% 6.1% 2030 23.4% 16.8% 6.6% 2031 23.8% 16.9% 6.9% 2032 24.2% 16.9% 7.3% 2033 24.7% 17.0% 7.7% 2034 25.2% 17.0% 8.2% 2035 25.7% 17.1% 8.6% 2036 26.1% 17.1% 9.0% 2037 26.6% 17.2% 9.5% 2038 27.1% 17.2% 9.9% 2039 27.6% 17.3% 10.3% 2040 28.1% 17.3% 10.8% 2041 28.5% 17.4% 11.2% 2042 28.8% 17.4% 11.4% 2043 29.2% 17.4% 11.8% 2044 29.4% 17.4% 12.1% 2045 29.7% 17.4% 12.3% 2046 30.0% 17.4% 12.6% 2047 30.4% 17.4% 13.0% 2048 30.7% 17.4% 13.3% 2049 30.9% 17.4% 13.6% 2050 31.2% 17.4% 13.9% 2051 31.5% 17.4% 14.1% 2052 31.8% 17.4% 14.4% 2053 32.1% 17.4% 14.7% 2054 32.4% 17.4% 15.0% 2055 32.7% 17.4% 15.3% 2056 33.0% 17.4% 15.6% 2057 33.3% 17.4% 16.0% 2058 33.7% 17.4% 16.3% 2059 34.0% 17.4% 16.6% 2060 34.3% 17.4% 17.0% 2061 34.7% 17.4% 17.3% 2062 35.0% 17.4% 17.7% 2063 35.4% 17.4% 18.0% 2064 35.7% 17.4% 18.4% 2065 36.1% 17.4% 18.7% 2066 36.4% 17.4% 19.1% 2067 36.8% 17.4% 19.5% 2068 37.2% 17.4% 19.8% 2069 37.6% 17.4% 20.2% 2070 37.9% 17.4% 20.6% 2071 38.3% 17.4% 21.0% 2072 38.7% 17.4% 21.4% 2073 39.1% 17.4% 21.7% 2074 39.5% 17.4% 22.1% 2075 39.9% 17.4% 22.5% 2076 40.2% 17.4% 22.9% 2077 40.6% 17.4% 23.2% 2078 41.0% 17.4% 23.6% 2079 41.3% 17.4% 24.0% 2080 41.7% 17.4% 24.3% 2081 42.0% 17.4% 24.6% 2082 42.4% 17.4% 25.0% 2083 42.7% 17.4% 25.3% 2084 43.0% 17.4% 25.7% 2085 43.4% 17.4% 26.0% 2086 43.7% 17.4% 26.4% 2087 44.1% 17.4% 26.7% 2088 44.5% 17.4% 27.1% 2089 44.8% 17.4% 27.5% 2090 45.2% 17.4% 27.9% 2091 45.6% 17.4% 28.3% 2092 46.0% 17.4% 28.7% 2093 46.4% 17.4% 29.1% URL: https://www.gao.gov/americas_fiscal_future?t=drivers_and_trends | PDF Last Updated: 03/11/2020