CBO to Release Updated Baseline Budget Projections on May 12

Posted by
Phill Swagel
April 20, 2023

The Congressional Budget Office will release a report updating its 10-year budget baseline on Friday, May 12, at 11:00 a.m. CBO’s current 10-year budget projections can be found in The Budget and Economic Outlook: 2023 to 2023, which was released in February.

On May 18, CBO will publish its analysis of how the discretionary spending proposals in the President’s 2024 budget compare with CBO’s new baseline projections. (CBO’s analysis of the President’s 2023 discretionary proposals was published in July 2022.)

Also in May, CBO will release an updated edition of its recurring report on federal debt and the statutory limit. (The last edition of the report was released in  February 2023.) In the report, CBO will project when—if the debt limit is not raised or suspended—the Treasury will no longer be able to fully pay its obligations.

Finally, the next installment of CBO’s Long-Term Budget Outlook will be released in June.

Phillip L. Swagel is CBO’s Director.