Spending and Revenue as a Percentage of GDP Fiscal year Spending Revenue Deficit 2020 30.9% 16.3% 14.7% 2021 26.6% 16.0% 10.6% 2022 22.0% 17.3% 4.6% 2023 21.6% 17.4% 4.2% 2024 21.4% 17.2% 4.2% 2025 21.3% 17.0% 4.3% 2026 21.5% 17.1% 4.5% 2027 21.8% 16.8% 5.0% 2028 22.2% 16.6% 5.6% 2029 22.6% 16.5% 6.1% 2030 23.2% 16.5% 6.7% 2031 23.6% 17.5% 6.0% 2032 24.1% 17.4% 6.7% 2033 24.7% 17.3% 7.4% 2034 25.3% 17.3% 8.0% 2035 25.8% 17.3% 8.5% 2036 26.4% 17.3% 9.1% 2037 26.9% 17.3% 9.6% 2038 27.4% 17.3% 10.1% 2039 27.9% 17.3% 10.6% 2040 28.4% 17.3% 11.1% 2041 28.8% 17.3% 11.5% 2042 29.3% 17.3% 12.0% 2043 29.7% 17.3% 12.4% 2044 30.0% 17.3% 12.7% 2045 30.4% 17.3% 13.1% 2046 30.7% 17.3% 13.4% 2047 31.1% 17.3% 13.8% 2048 31.6% 17.3% 14.3% 2049 32.0% 17.3% 14.7% 2050 32.3% 17.3% 15.0% 2051 32.7% 17.3% 15.3% 2052 33.0% 17.3% 15.7% 2053 33.3% 17.3% 16.0% 2054 33.6% 17.3% 16.3% 2055 33.9% 17.3% 16.6% 2056 34.3% 17.3% 16.9% 2057 34.6% 17.3% 17.3% 2058 34.9% 17.3% 17.6% 2059 35.3% 17.3% 17.9% 2060 35.6% 17.3% 18.3% 2061 36.0% 17.3% 18.6% 2062 36.3% 17.3% 19.0% 2063 36.7% 17.3% 19.4% 2064 37.1% 17.3% 19.7% 2065 37.4% 17.3% 20.1% 2066 37.8% 17.3% 20.5% 2067 38.2% 17.3% 20.9% 2068 38.6% 17.3% 21.2% 2069 39.0% 17.3% 21.6% 2070 39.3% 17.3% 22.0% 2071 39.7% 17.3% 22.4% 2072 40.1% 17.3% 22.8% 2073 40.5% 17.3% 23.2% 2074 40.9% 17.3% 23.6% 2075 41.3% 17.3% 24.0% 2076 41.7% 17.3% 24.3% 2077 42.0% 17.3% 24.7% 2078 42.4% 17.3% 25.1% 2079 42.7% 17.3% 25.4% 2080 43.1% 17.3% 25.8% 2081 43.5% 17.3% 26.1% 2082 43.8% 17.3% 26.5% 2083 44.1% 17.3% 26.8% 2084 44.5% 17.3% 27.2% 2085 44.8% 17.3% 27.5% 2086 45.2% 17.3% 27.9% 2087 45.5% 17.3% 28.2% 2088 45.9% 17.3% 28.5% 2089 46.2% 17.3% 28.9% 2090 46.6% 17.3% 29.3% 2091 46.9% 17.3% 29.6% 2092 47.3% 17.3% 30.0% 2093 47.7% 17.3% 30.3% 2094 48.0% 17.3% 30.7% URL: https://www.gao.gov/americas_fiscal_future?t=fiscal_forecast | Last updated: 03/17/2021