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The Effects of Pandemic-Related Legislation
on
Output
Long-Term Implications of the 2021 Future
Years Defense Program
An Update to the Budget Outlook: 2020 to 2030
The Outlook for Major Federal Trust Funds:
2020 to 2030
The Potential Costs of Expanding U.S.
Strategic Nuclear Forces If the New START
The Effects of Pandemic-Related Legislation on Output
Treaty Expires
Federal laws enacted in response to the 2020 coronavirus pandemic are projected to add $2.3
trillion to the deficit in fiscalyear 2020 and S0.6 trillion in 2021. CBO estimates that the legislation
An Evaluation of CBO's Past Revenue
will increase the level of real (inflation-adjusted) gross domestic product (GDP) by4.7 percentin
Projections
2020 and 3.1 percentin 2021. From fiscalyear 2020 through 2023,for every dollar thatit adds to the
deficit; the legislation is projected to increase GDP by 59 cents. In the longer term; the legislation
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will reduce the level of real GDP; CBO estimates. Those estimates are subject to considerable
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