The Budget and Economic Outlook: 2023 to 2033


In CBO’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. Real GDP growth comes to a halt in 2023 and then rebounds, averaging 2.4 percent from 2024 to 2027.

Data and Supplemental Information

Baseline Projections for Other Programs

Baseline Projections for Other Income Security

Corrections and Updates

On February 16, 2023, CBO reposted the file "10-Year Budget Projections" to include a table on the changes in CBO's baseline projections of the deficit since May 2022, which had been inadvertently omitted.

On March 7, 2023, CBO reposted the file “Long-Term Budget Projections” with two additional columns of data.