Similar to CBO, GAO’s projection shows an unsustainable fiscal future

Debt Held by the Public (% of GDP)

Source: Government Accountability Office, Congressional Budget Office, and Office of Management and Budget.Embed Download image
Notes: This chart shows GAO’s simulation, which uses assumptions that reflect historical trends, and CBO’s extended baseline, which uses assumptions that generally reflect current law. GAO’s 2024 report is based on The CBO's Long-Term Budget Outlook.