CBO analyzes DoD’s plans for 2022 as presented in the Biden Administration’s 2022 budget request and projects how those plans would affect defense costs through 2031. Those costs would increase by 10 percent over that period, CBO projects.
CBO Blog
The federal budget deficit was $377 billion in the first quarter of fiscal year 2022, CBO estimates—$196 billion less than the deficit during the same period last year, and slightly larger than the deficit recorded during the same period two years ago.
In this report, the latest in a quarterly series, CBO highlights its recent work and summarizes its work in progress.
CBO analyzes patterns in the availability and use of the Air Force’s and Department of the Navy’s aircraft since 2001. CBO also analyzes how the military aircraft have performed since the onset of the coronavirus pandemic.
In a response to Congressman Palmer, CBO summarizes its recent analysis of the costs of making permanent some of the policies in the Build Back Better Act.
To measure tax expenditures, the normal tax structure—the reference tax system—in which they represent special treatment must be defined. This report outlines how the reference tax system used by CBO affects its estimates of tax expenditures.
CBO responds to a question from Senator Schumer about its analysis of the costs of making permanent some of the provisions of the Build Back Better Act.
CBO and the Joint Committee on Taxation project the budgetary effects, including the effects on interest costs, of a modified version of H.R. 5376, the Build Back Better Act, that would make various policies permanent rather than temporary.
CBO assesses its two-year and five-year economic forecasts and compares them with forecasts of the Administration and the Blue Chip consensus, an average of about 50 private-sector forecasts.
The federal budget deficit totaled $358 billion in October and November 2021, CBO estimates—$71 billion less than the deficit recorded during the same period last year.