The federal budget deficit was $667 billion in the first six months of fiscal year 2022, CBO estimates. That amount is roughly 40 percent of the shortfall recorded during the same period in 2021 ($1,706 billion).
CBO examines the availability and use of DoD’s F-35 fighter aircraft. This report includes findings about fleet sizes, availability rates, time spent in depot-level maintenance, flying hours, and the effects of the coronavirus pandemic.
In this report, the latest in a quarterly series, CBO highlights its recent work and summarizes its work in progress.
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.
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.