CBO reports annually on programs whose authorizations of appropriations have already expired or will expire.
- Blog Post
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2020, as well as broader trends in the budget over the past few decades.
Discretionary spending by the federal government totaled $1.6 trillion in 2020, of which $714 billion was for national defense and $914 billion was for nondefense activities.
Mandatory spending by the federal government totaled $4.6 trillion in 2020, of which $1.9 trillion was for Social Security and Medicare.
Revenues received by the federal government in 2020 totaled $3.4 trillion, of which $1.6 trillion was receipts from individual income taxes.
The federal deficit in 2020 was $3.1 trillion, equal to 14.9 percent of gross domestic product.
The Policy Growth Model is one in a suite of models that CBO uses to analyze how economic growth and the federal budget interact.
CBO outlines the main channels by which climate change and policies intended to mitigate or adapt to it affect the federal budget. Climate change increases budget deficits; investments in mitigation or adaptation could reduce those costs.
CBO estimates that the total shipbuilding budget would average $34 billion per year, 10 percent more than the Navy estimates. The Navy’s average shipbuilding budget would be almost 50 percent larger, on average, than those of recent years.
Presentation by Justin Humphrey, an analyst in CBO's Budget Analysis Division, to the Postsecondary National Policy Institute.