Budget
- Cost Estimate
Consolidated Appropriations Act, 2024
As posted on the Document Repository of the House of Representatives on March 3, 2024 https://tinyurl.com/32a6eva4
- Graphic
Discretionary Spending in Fiscal Year 2023: An Infographic
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 Spending in Fiscal Year 2023: An Infographic
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
Revenues in Fiscal Year 2023: An Infographic
Revenues received by the federal government in 2023 totaled $4.4 trillion, of which half was receipts from individual income taxes.
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The Federal Budget in Fiscal Year 2023: An Infographic
The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.
- Interactive
CBO’s Waterfall Model for Projecting Discretionary Spending, February 2024
CBO's interactive tool allows users to simulate the agency's process for projecting discretionary budget authority and outlays for different types of spending over the course of 10 years.
- Cost Estimate
H.R. 7463, Extension of Continuing Appropriations and Other Matters Act, 2024
As introduced on February 28, 2024
http://tinyurl.com/2ccwp4zm - Report
How Changes in Funding for the IRS Affect Revenues
CBO describes how funding for the IRS affects CBO’s revenue projections and how CBO estimates the revenue effects of rescissions of such funding. CBO also estimates the budgetary effects of rescinding varying amounts of the IRS’s funding.
- Interactive
How Changes in Revenues and Outlays Would Affect Debt-Service Costs, Deficits, and Debt
This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s February 2024 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.
- Blog Post
Presentations on CBO’s New Projections
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."