March 28, 2023 Graphic The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years. View Document2.1 MB Related Publications CBO Releases Infographics About the Federal Budget in Fiscal Year 2022March 28, 2023 Discretionary Spending in Fiscal Year 2022: An InfographicMarch 28, 2023 Mandatory Spending in Fiscal Year 2022: An InfographicMarch 28, 2023 Revenues in Fiscal Year 2022: An InfographicMarch 28, 2023