"Figure 2: Extent of State and Local Government Action Required to Maintain Balance (State and Local Expenditures, as a Percentage of Gross Domestic Product)" Year Base Case Maintain Balance 2005 14.7 14.7 2006 14.4 14.4 2007 14.8 14.8 2008 15.2 15.2 2009 15.5 15.5 2010 15.3 15.3 2011 15.5 15.1 2012 15.4 14.7 2013 15.4 14.6 2014 15.7 14.7 2015 15.8 14.8 2016 16.0 14.9 2017 16.2 14.9 2018 16.3 14.9 2019 16.4 15.0 2020 16.6 15.0 2021 16.7 15.1 2022 16.9 15.1 2023 16.8 15.1 2024 16.9 15.1 2025 17.1 15.2 2026 17.0 15.2 2027 17.1 15.2 2028 17.3 15.3 2029 17.4 15.3 2030 17.4 15.4 2031 17.6 15.4 2032 17.7 15.5 2033 17.7 15.5 2034 17.7 15.5 2035 17.8 15.5 2036 17.9 15.6 2037 18.1 15.7 2038 18.2 15.7 2039 18.3 15.7 2040 18.3 15.8 2041 18.4 15.8 2042 18.5 15.8 2043 18.5 15.8 2044 18.6 15.8 2045 18.7 15.9 2046 18.9 16.0 2047 19.0 16.1 2048 19.0 16.1 2049 19.0 16.1 2050 19.0 16.0 2051 19.2 16.1 2052 19.3 16.1 2053 19.3 16.2 2054 19.4 16.2 2055 19.4 16.2 2056 19.4 16.2 2057 19.4 16.1 2058 19.6 16.2 2059 19.6 16.2 2060 19.5 16.1