Updated Budget Projections: Fiscal Years 2012 to 2022

March 13, 2012

CBO's updated baseline projects a $1.2 trillion deficit for 2012, about $93 billion larger than its January projection. For the 2013–2022 period, the cumulative deficit is $186 billion smaller than the amount projected in January.

Subsequent budget projections appear in Budget and Economic Outlook and Updates.

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