Monthly Budget Review: July 2022

Report
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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.

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.