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This table shows projections of US federal spending as a percentage of GDP for various categories from 2014 to 2050. Spending is projected to increase gradually for major programs like Social Security, Medicare, and Medicaid over this period. Defense spending is projected to remain steady at 4.0% of GDP. Interest on the national debt is projected to peak at 3.0% of GDP in the 2020s before declining. Total federal spending including these categories plus interest is projected to rise from 16.7% of GDP in 2014 to 23.4% in 2050.

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Bob Kerrey
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35 views1 page

CBO Chart

This table shows projections of US federal spending as a percentage of GDP for various categories from 2014 to 2050. Spending is projected to increase gradually for major programs like Social Security, Medicare, and Medicaid over this period. Defense spending is projected to remain steady at 4.0% of GDP. Interest on the national debt is projected to peak at 3.0% of GDP in the 2020s before declining. Total federal spending including these categories plus interest is projected to rise from 16.7% of GDP in 2014 to 23.4% in 2050.

Uploaded by

Bob Kerrey
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Fiscal

Year
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050

Social
Security Medicarea
5.2
3.8
5.1
3.7
5.1
3.8
5.1
3.7
5.1
3.7
5.2
3.8
5.3
3.9
5.4
4.0
5.4
4.2
5.6
4.3
5.7
4.4
5.7
4.5
5.8
4.6
5.8
4.7
5.9
4.8
5.9
4.9
6.0
5.1
6.1
5.2
6.1
5.4
6.2
5.5
6.1
5.6
6.1
5.7
6.2
5.9
6.2
6.0
6.1
6.1
6.1
6.2
6.1
6.3
6.1
6.4
6.1
6.5
6.1
6.6
6.0
6.7
6.0
6.8
6.0
6.9
6.1
7.0
6.1
7.1
6.1
7.2
6.1
7.3

Medicaid
2.2
2.5
2.6
2.7
2.7
2.8
2.8
2.9
3.0
3.0
3.0
3.1
3.1
3.2
3.2
3.2
3.3
3.3
3.3
3.4
3.4
3.5
3.5
3.6
3.6
3.7
3.7
3.7
3.8
3.8
3.9
3.9
4.0
4.0
4.0
4.1
4.1

Defense
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0

Net
Interest
1.5
1.6
1.8
2.0
2.2
2.3
2.4
2.4
2.5
2.6
2.7
2.9
3.0
2.9
2.9
2.9
2.9
2.8
2.8
2.8
2.8
2.7
2.7
2.7
2.6
2.6
2.5
2.5
2.4
2.4
2.3
2.3
2.2
2.1
2.0
1.9
1.9

Spending as % of
GDP Including Soc.
Sec. +
Medicare+Medicaid
+DoD+Interest
16.7
16.9
17.3
17.5
17.7
18.1
18.4
18.7
19.1
19.5
19.8
20.2
20.5
20.6
20.8
20.9
21.3
21.4
21.6
21.9
21.9
22.0
22.3
22.5
22.4
22.6
22.6
22.7
22.8
22.9
22.9
23.0
23.1
23.2
23.2
23.3
23.4

http://www.cbo.gov/publication/43288, Supplemental Data, Summary Extended Baseline tab

What will
Deb Fischer
spend on
Domestic
Spending
and All
Other
Mandatory?
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