Jan 17, 2025 · CBO's regular budget publications include semiannual reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget picture, and a biannual set of options for reducing budget deficits. CBO also prepares cost estimates and mandate statements for nearly all bills that are reported by Congressional committees. Numerous analytic studies provide more ...

The Budget and Economic Outlook: 2025 to 2035 The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally remained unchanged. This report is the latest in that series, presented in an abbreviated version to ...

In fiscal year 2024, which ended on September 30, the federal budget deficit totaled $1.8 trillion—an increase of $138 billion (or 8 percent) from the shortfall recorded in the previous year. Revenues and outlays alike increased from 2023 totals: Revenues rose by 11 percent, or $479 billion, and outlays increased by 10 percent, or $617 …

Mar 20, 2025 · View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2024, as well as broader trends in the budget over the past few decades.

View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2024, as well as broader trends in the budget over the past few decades.

O n March 11, 2024, the Administration submitted its annual set of budgetary proposals to the Congress. 1 In this report, the Congressional Budget Office examines how those proposals, if enacted, would affect budgetary outcomes in relation to CBO’s most recent baseline budget projections. 2 Those projections extend from 2024 to 2034 and reflect the assumption that current laws governing ...

Projections at a Glance The Federal Budget The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. Thereafter, deficits steadily mount, reaching $2.6 trillion in 2034. Measured in relation to gross domestic product (GDP), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 ...

Notes About This ReportNotes About This ReportThe budget projections in this report include the effects of legislation enacted through May 12, 2024, and are based on the Congressional Budget Office’s economic projections. Subsequent legislation that has been enacted to date would not significantly change the projections presented here.

Jan 17, 2025 · The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes …

Mar 5, 2024 · The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.