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- Blog Post
CBO's Director, Phillip Swagel, discusses his most recent and upcoming presentations about the agency's long-term budget projections, demographic projections, and the overall fiscal outlook.
- Blog Post
CBO will publish "The Long-Term Budget Outlook: 2024 to 2054" on March 20 at 2 p.m. The report will provide projections of federal spending, revenues, deficits, and debt for the next 30 years.
- Blog Post
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2023, as well as broader trends in the budget over the past few decades.
- Graphic
Revenues received by the federal government in 2023 totaled $4.4 trillion, of which half was receipts from individual income taxes.
- Graphic
Discretionary outlays by the federal government totaled $1.7 trillion in 2023. Outlays for nondefense programs accounted for more than half of that total.
- Graphic
Mandatory outlays by the federal government totaled $3.8 trillion in 2023; more than half was for Social Security and Medicare. The largest increases over the past 20 years have been for the major health care programs.
- Graphic
The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.
- Blog Post
CBO's Director, Phillip Swagel, discusses his most recent and upcoming presentations about the projections in CBO’s report, "The Budget and Economic Outlook: 2024 to 2034."
- Blog Post
CBO’s Director, Phillip Swagel, discusses the current budget and economic outlook.
- Blog Post
CBO will release "The Budget and Economic Outlook: 2024 to 2034" at 2 p.m. EST on February 7.