President's Budget

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Each year, CBO estimates the effects of the President’s budgetary proposals using the agency’s economic projections and estimating approaches—which also underlie CBO’s Budget and Economic Outlook and cost estimates for proposed legislation. As a result, the Congress has a consistent basis for comparing the President’s proposals to Congressional proposals. CBO also estimates how the President’s budget would affect the economy and how, in turn, that economic impact would affect the federal budget.

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Report

A Macroeconomic Analysis of the President’s 2017 Budget
June 6, 2016
The President’s budget proposals would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. The economic effects would affect the budget in ways that would reduce deficits.
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Report

An Analysis of the President’s 2017 Budget
March 29, 2016
CBO and the staff of the Joint Committee on Taxation (JCT) project that, between 2017 and 2026, the President’s budget would result in deficits averaging 3 percent of GDP and totaling $6.9 trillion, $2.4 trillion less than CBO’s baseline.
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Report

A Macroeconomic Analysis of the President’s 2016 Budget
August 21, 2015
The President’s policies would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. Such economic effects would feed back into the budget in ways that would reduce deficits.
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Report

An Analysis of the President's 2016 Budget
March 12, 2015
CBO projects the President’s budget would result in deficits totaling $6.0 trillion between 2016 and 2025, $1.2 trillion less than under CBO’s current-law baseline. By 2025, debt would total about $1 trillion less than in CBO’s baseline.