In fiscal year 2023, which ended on September 30, the federal budget deficit totaled nearly $1.7 trillion—an increase of $320 billion (or 23 percent) from the shortfall recorded in the previous year.
CBO Blog
The enhanced tool lets users change the defense budget to see the possible effects on military forces, or add or subtract major units to see the effects on the budget, or explore a mix of those approaches. It includes a how-to-use tutorial.
This spreadsheet provides the data that underlie CBO’s interactive force structure tool.
Some federal policies involve short-term expenditures that result in economic and budgetary effects far in the future. CBO has been building analytic capacity to consider a dynamic framework for policies that would have long-term effects.
Under the three alternatives in the Navy’s 2024 plan, total shipbuilding costs would average about $34 billion to $36 billion per year (in 2023 dollars) through 2053, CBO estimates, as the Navy built a fleet of 319 to 367 battle force ships.
CBO analyzes the Department of Defense’s plans for 2024 through 2028 as presented in the 2024 Future Years Defense Program. Under those plans, CBO projects, defense costs would increase by 10 percent between 2028 and 2038.
CBO’s Director of Health Analysis, Chapin White, testifies on alternative payment models and the slowdown in federal health care spending.
Chad Shirley, a principal analyst at CBO, testifies on the status of the Highway Trust Fund before the House Transportation Committee’s Highway and Transit Subcommittee.
In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.
CBO’s Director Phillip Swagel discusses the presentation he gave Thursday on the fiscal outlook at a Federal Bar Association conference.