Transcript PPT - National Journal

House FY2015 Budget Forecasts
Decline in Debt as Share of GDP
Federal Debt Held by the Public
(As Percentage of GDP)
Recorded Debt
CBO Projected Debt
House FY2015 Budget Projected Debt
56%
Analysis
• The CBO estimates the federal debt as a percentage of GDP will increase 6 percentage points between 2015 and 2024, from 73.2% to
79.2%
• Republicans project that federal debt as a share of GDP would decline 17 percentage points between 2015 and 2024, from 73% to
56%, under their proposed FY2015 budget
Source: The Path to Prosperity: Fiscal Year 2015 Budget Resolution, 2014; Congressional Budget Office, February 2014.