Projected deficit as a share of GDP, FY2014–FY2025
| Year | President’s budget | Current law | CPC budget |
|---|---|---|---|
| 2014 | -2.80% | -2.80% | -2.80% |
| 2015 | -3.24% | -2.70% | -5.03% |
| 2016 | -2.52% | -2.42% | -3.45% |
| 2017 | -2.35% | -2.31% | -1.29% |
| 2018 | -2.33% | -2.38% | -1.01% |
| 2019 | -2.42% | -2.84% | -1.34% |
| 2020 | -2.48% | -3.12% | -1.47% |
| 2021 | -2.58% | -3.28% | -1.48% |
| 2022 | -2.58% | -3.71% | -1.81% |
| 2023 | -2.51% | -3.59% | -1.64% |
| 2024 | -2.42% | -3.41% | -1.38% |
| 2025 | -2.50% | -3.78% | -1.62% |
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