SOURCE: PGPF projections using data from Congressional Budget Office, The Budget and Economic Outlook: Fiscal Years 2013 to 2023, February 2013, and The Long-Term Budget Outlook, June 2012.
NOTE: Spending refers to non-interest spending. The spending cuts or revenue increases are the amounts needed to close the 75-year fiscal gap and put debt on a sustainable path. The projections are based on CBO's definition of current policy, plus the automatic reductions (sequestration) in spending that began on March 1, 2013.
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Related Charts:
Where The Growth In Spending Comes From
Projected Federal Deficits
The Growth of Entitlement Programs
Federal Debt: 1990-2035
2013 Budget Plans Debt Comparison
Peter G. Peterson Foundation Chart Pack:
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of charts, we aim to frame the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context. Download (.PDF)