The government's long-term spending on healthcare is projected to decline slightly in the next 25 years, but the rising federal debt load remains on an unsustainable trajectory, the CBO said Tuesday in its annual budget outlook.
The long-term fiscal outlook has not remarkably changed over the last year, the nonpartisan Congressional Budget Office report concluded, following an era of robust budget battles between Congress and the White House.
FOR THE RECORD
An earlier version of this post said the CBO last year projected federal debt of 104% of GDP by 2039. It should have said 102%.
One improvement is the long-term outlook for federal healthcare spending, which is projected to dip by 1.5% of GDP in 2039, thanks to a variety of factors.