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.