The deficit in the American budget to expand, national debts to rise to 156 % of gross domestic product, and discover CBO

The Non -Partial Congress Budget Office (CBO) recently released the long -term budget forecasts and showed that the budget deficit is on the right path to expand in the coming years, and the payment National debt Many higher the size of the American economy.

The Budget of the Central Bank of Oman expects that the debts that the public maintains as a percentage of GDP (GDP), a measure that economists prefer to compare debts with economic output, is expected to rise from 100 % this year to 156 % of GDP in 2055. This will be 50 percent higher points than the current registry, which has been set in a year 1946 where the United States began post -war.

Growth in the national debt will be expanded through a budget deficit of about 6.2 % of GDP in 2025 to 7.3 % in 2055-much higher than the average of 1995-2024 of 3.9 %.

Federal spending It will remain driven by mandatory spending programs led by social security and medical care amid the old age of America. Social security spending is expected to increase from 5.2 % of GDP this year to 6.1 % in 2055, while CBO see medical care spending from 3.1 % to 5.8 % of GDP in 2055.

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CBO found that the main social security funds are due to the exhaustion of their reserves in less than a decade. The Agency’s Age of Age of Age and Survivors will be exploited by 2033, although this will be a year later in 2034 if it is combined with the Secondary Insurance Fund.

when Social Security The insurance fund is exhausted, and will reduce an automatic benefit for the recipient, which CBO estimates will be reduced by 24 % in 2034. As for the sense of proportion, the Social Security Administration noted that the average monthly benefit from January 2025 was 1976 dollars – which will be reduced by $ 474 a month if 24 % of the monthly benefits occur.

Hospital Insurance Fund at Medicare It is now expected to be exhausted by 2052 after improving its view due to the low expected costs and high revenue expectations, although expectations are sensitive to economic conditions and are very certain.

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Another main engine to increase spending is net interest expenses, which are expected to increase from 3.2 % of GDP this year to 5.4 % in 2055 with the continued growth of national debt. By 2045, the average interest rate on the national debt is expected to exceed the rate of US economy growth.

US GDP GDP It is expected that it will grow at slower rates in the coming decades, with the decrease in the real and modified GDP of inflation from 2.8 % in the past year and 2.1 % in 2025 to 1.4 % in 2055. The Central Bank of Oman wrote that “the slowdown in the growth of the slow growth and productivity in the workforce; the latter saves part of the federal pieces.”

CBO added that the population growth has a “significant impact on the economy” and Without migrationThe residents of the United States are expected to start shrinking in 2033.

The report of the Central Bank of Oman also notes that its expectations are based on its demographic and economic expectations and the previous budget that was issued between November and January 6, and the administrative procedures or judicial decisions that have been taken since then that affect migration, definitions and other areas of politics.

The federal deficit in the budget recorded 1.1 USD in the first 5 months of the fiscal year

Peter J. PGPF (PGPF) that the report of the Central Bank of Oman shows the risks of the US government’s financial path, which can increase the risk of debt crisis and other bad economic results with the growth of the heavier debt burden.

“The risk of a financial crisis – any position in which investors lose confidence in the value of the US government’s debts – will lead to a sudden increase in interest rates and other disturbances.” “The possibility of other negative results will also increase. For example, high inflation forecasts may erode confidence in US dollars as the dominant international reserve.”

The CRFB, a non -partisan budget monitor, warned that “high and increased debts and disabilities have many negative consequences for the budget and economy, including slow income growth, high interest rates and benefits payments on increased risks.

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“The hour is knocking,” said Maya Makinias, president of CRFB. “We need to get rid of this financial distress, do the important work for balance, get our financial house in order, and secure the future of our nation.”