The Congressional Budget Office (CBO) estimates that the federal budget deficit in 2020 will be $1.0 trillion, or 4.6% of gross domestic product (GDP). If current laws governing federal taxes and spending generally did not change, the projected gap between outlays and revenues would increase to 5.4% of GDP in 2030. Federal debt held by the public would rise over the coming decade, from 81% of GDP in 2020 to 98% of GDP in 2030.
A new slide presentation by CBO officials can be obtained at https://www.cbo.gov/system/files/2020-02/56108-CBO-presentation.pdf.