Monthly Budget Review: August 2021

Report
United States Department of the Treasury Building, Washington DC

The federal budget deficit was $2.7 trillion in the first 11 months of fiscal year 2021, CBO estimates—$295 billion less than the deficit during the same period last year.

Corrections and Updates

On October 6, 2021, CBO reposted the Monthly Budget Review: August 2021 to correct a typographical error. The deficit recorded in the first 11 months of fiscal year 2019 was $1.1 trillion.