CBO anticipates publishing its budget and economic projections during the week of May 23 and releasing its analysis of the President’s budget request by early July.
CBO Blog
In this report, CBO describes public transportation in the United States and explains how the federal government supports mass transit. The report also explains how financing subsidies provide additional federal support.
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2021 will add about $1.7 trillion to deficits from 2021 to 2031—the result of a $1.7 trillion increase in outlays and a $4 billion increase in revenues.
CBO’s Director, Phillip Swagel, discusses his recent and upcoming presentations.
CBO's transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes.
The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the two prior fiscal years.
In its budget request for fiscal year 2023, CBO requested appropriations of $64.6 million, up from $61 million requested for 2022. The request is based on strong interest in CBO’s work from Congressional leadership, committees, and Members.
The federal budget deficit was $259 billion in the first four months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded for the same period in the two prior years.
In its March 2020 projections for fiscal year 2021, CBO underestimated revenues by 15 percent and overestimated outlays by 4 percent. CBO’s projection of the federal budget deficit in 2021 was more than the actual amount by 3.9 percent of GDP.
CBO examined potential reasons that the prices paid by commercial health insurers for hospitals’ and physicians’ services are higher, rise more quickly, and vary more by area than the prices paid by the Medicare fee-for-service program.