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- Recurring Data
Extensions of 10-year budget projections for additional decades. Beginning in March 2021, extensions of 10-year economic projections for additional decades are included in the supplemental files that contain CBO’s long-term economic projections.
- Report
CBO provides an update to an earlier estimate of the effects of a potential sequestration under the caps established by the Fiscal Responsibility Act of 2023.
- 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.
- Report
The federal budget deficit totaled $830 billion in the first five months of fiscal year 2024, CBO estimates. That amount is $108 billion more than the deficit recorded during the same period last fiscal year.
- Report
The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified about the work of CBO. This document provides CBO’s answers to questions submitted for the record.
- Report
CBO compares the housing standards used to determine the military’s basic allowance for housing (BAH) with the housing rented by comparable civilians. CBO also compares BAH rates with the rental costs paid by those civilians.
- 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.