CBO's Publications - Updated Budget Projections: 2015 to 2025

New From CBO Updated Budget Projections: 2015 to 2025 Under current law, CBO estimates the deficit will total 2.7 percent of GDP in 2015, drop to roughly 2.4 percent for the following three years, and then begin to rise. By 2025, debt held by the public is projected to reach 77 percent of GDP.