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Congressional Budget Office




The Budget and Economic Outlook

Press Briefing
Douglas W. Elmendorf
Director
February 5, 2013
February 2013


Real GDP

   (Percentage change)




                         CONGRESSIONAL BUDGET OFFICE
February 2013


GDP and Potential GDP

   (Trillions of 2005 dollars)




                            CONGRESSIONAL BUDGET OFFICE
February 2013


Unemployment Rate

   (Percent)




               CONGRESSIONAL BUDGET OFFICE
February 2013


Total Deficits or Surpluses

   (Percentage of GDP)




                         CONGRESSIONAL BUDGET OFFICE
Total Revenues and Outlays

   (Percentage of GDP)




                         CONGRESSIONAL BUDGET OFFICE
February 2013


Federal Debt Held by the Public

        (Percentage of GDP)
  140
                                                                       Actual Projected

  120


  100


   80


   60


   40


   20


   0
    1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020

                              CONGRESSIONAL BUDGET OFFICE
February 2013


Projected Growth in Major Budget Categories

      (Percentage of GDP)
  7


                                                       Major Health Care Programs
  6


  5                                                                     Social Security

                         Defense
  4              Discretionary Spending


  3
               Nondefense
          Discretionary Spending
  2                                                                Other Mandatory Spending

                            Net Interest
  1


  0
   2012      2013    2014     2015     2016   2017   2018   2019    2020     2021     2022    2023


                            CONGRESSIONAL BUDGET OFFICE

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The Budget Outlook press briefing 2013

  • 1. Congressional Budget Office The Budget and Economic Outlook Press Briefing Douglas W. Elmendorf Director February 5, 2013
  • 2. February 2013 Real GDP (Percentage change) CONGRESSIONAL BUDGET OFFICE
  • 3. February 2013 GDP and Potential GDP (Trillions of 2005 dollars) CONGRESSIONAL BUDGET OFFICE
  • 4. February 2013 Unemployment Rate (Percent) CONGRESSIONAL BUDGET OFFICE
  • 5. February 2013 Total Deficits or Surpluses (Percentage of GDP) CONGRESSIONAL BUDGET OFFICE
  • 6. Total Revenues and Outlays (Percentage of GDP) CONGRESSIONAL BUDGET OFFICE
  • 7. February 2013 Federal Debt Held by the Public (Percentage of GDP) 140 Actual Projected 120 100 80 60 40 20 0 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 CONGRESSIONAL BUDGET OFFICE
  • 8. February 2013 Projected Growth in Major Budget Categories (Percentage of GDP) 7 Major Health Care Programs 6 5 Social Security Defense 4 Discretionary Spending 3 Nondefense Discretionary Spending 2 Other Mandatory Spending Net Interest 1 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 CONGRESSIONAL BUDGET OFFICE