The Budget and Economic Outlook: 2022 to 2032


In CBO’s projections, assuming that current laws generally remain unchanged, the federal deficit totals $1.0 trillion in fiscal year 2022 and averages $1.6 trillion per year from 2023 to 2032. Real GDP grows by 3.1 percent this year.

Data and Supplemental Information

Baseline Projections for Education

Baseline Projections for Health

Corrections and Updates

  • On May 27, 2022, CBO reposted the table for USDA Mandatory Farm Programs to correct a typographical error on page 9.
  • On June 3, 2022, CBO reposted the file “Revenue Projections, by Category” to correct a typographical error.