Monthly Budget Review: July 2022


The federal budget deficit was $727 billion in the first 10 months of fiscal year 2022, CBO estimates—$1.8 trillion less than it was at the same point last year.

See more editions of CBO’s Monthly Budget Review.

Corrections and Updates

On August 25, 2022, CBO reposted this report to corrrect a typographical error on page 7; no other part of the report was affected.