The United States will be able to save more than $ 2.3 trillion on condition that interest rates remain at the current level until 2025. This was stated by CBO (Congressional Budget Office) experts.
Thus, low interest rates in the US in the next few years may hold the growth of the budget deficit of the country.
The CBO report states that in 10 years the US budget deficit will exceed $ 1 trillion, if no firm actions are taken. But these estimates take into account the significant increase in interest rates.
Today, market players estimate the average interest rate in 2025 at 2.9%. Now, in spite of the US GDP growth by 2.4% and a sharp improvement in the labor market, interest rates dynamics have not yet been resumed.
Thus, maintaining rates at the current low level until 2025, the US government will be able to save more than $ 2.3 trillion.
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