Long-Term Budget Outlook

The Long-Term Budget Outlook refers to projections about a government’s financial situation over an extended time, typically 10 years or more. It assesses expected revenues (like taxes) versus expenses (like social programs and debt interest). This outlook helps identify potential budget gaps, challenges, and the sustainability of current policies. By examining trends in income and spending, policymakers can make informed decisions to promote fiscal stability and address future economic needs, ensuring that a government can meet its obligations without compromising growth or public services.