Projected public debt as a share of GDP, FY2014–FY2025
| Year | President’s budget | Current law | CPC budget |
|---|---|---|---|
| 2014 | 74.08% | 74.08% | 74.08% |
| 2015 | 74.97% | 74.19% | 76.52% |
| 2016 | 74.92% | 73.79% | 77.06% |
| 2017 | 74.64% | 73.23% | 75.34% |
| 2018 | 74.50% | 72.88% | 73.53% |
| 2019 | 74.56% | 73.14% | 72.27% |
| 2020 | 74.55% | 73.53% | 71.06% |
| 2021 | 74.55% | 74.02% | 69.85% |
| 2022 | 74.54% | 74.93% | 69.03% |
| 2023 | 74.46% | 75.68% | 68.07% |
| 2024 | 74.29% | 76.23% | 66.90% |
| 2025 | 74.20% | 77.15% | 66.04% |
Note: For the president’s budget, this figure uses CBO’s projections of GDP. Data for 2014 represent actual spending.
Source: EPI Policy Center analysis of Congressional Budget Office, Citizens for Tax Justice, Joint Committee on Taxation, Office of Management and Budget, and Tax Policy Center data