An Update to the Budget Outlook: 2020 to 2030


CBO projects a federal budget deficit of $3.3 trillion in 2020, more than triple the shortfall recorded in 2019, mostly because of the economic disruption caused by the 2020 coronavirus pandemic and the enactment of legislation in response.

Data and Supplemental Information

Corrections and Updates

CBO has corrected this report since its original publication. Corrections are listed at the end of the report.

On October 8, 2020, CBO reposted the file of data underlying the figures to correct a label in one figure.