IDEAS home Printed from https://ideas.repec.org/p/cbo/report/60664.html
   My bibliography  Save this paper

An Evaluation of CBO’s Projections of Deficits and Debt From 1984 to 2023

Author

Listed:
  • Congressional Budget Office

Abstract

In this report, CBO assesses the quality of the baseline projections of deficits and debt that it has made each spring from 1984 to 2023. The analysis shows that the agency’s deficit projections have been more accurate in the shorter term than in the longer term and have tended to be overestimates. For years for which comparable projections are available, errors in CBO’s near-term deficit projections were similar to errors made by the Administration. The agency’s longer-term debt projections have tended to be overestimates and have been less accurate than its shorter-term debt

Suggested Citation

  • Congressional Budget Office, 2024. "An Evaluation of CBO’s Projections of Deficits and Debt From 1984 to 2023," Reports 60664, Congressional Budget Office.
    • Handle: RePEc:cbo:report:60664
    as

    Download full text from publisher

    File URL: https://www.cbo.gov/system/files/2024-12/60664-Deficits-Debt.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbo:report:60664. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbogvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.