Projected deficit as a share of GDP, FY2015–FY2026

Year Current Law President’s Budget CPC budget
2015 2.46% 2.46% 2.46%
2016 2.94% 3.33% 4.57%
2017 2.91% 2.61% 2.16%
2018 2.84% 2.26% 0.54%
2019 3.53% 2.63% 1.21%
2020 3.73% 2.46% 1.37%
2021 3.95% 2.44% 1.57%
2022 4.44% 2.81% 1.99%
2023 4.40% 2.76% 1.91%
2024 4.27% 2.55% 1.72%
2025 4.62% 2.79% 2.03%
2026 4.94% 2.85% 2.19%

Note: For the president's budget, this figure uses CBO's projections of GDP. Data for 2015 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

View the underlying data on epi.org.