President's Budget

Each year, CBO estimates the effects of the President’s budgetary proposals using the agency’s economic projections and estimating approaches—which also underlie CBO’s Budget and Economic Outlook and cost estimates for proposed legislation. As a result, the Congress has a consistent basis for comparing the President’s proposals to Congressional proposals. CBO also estimates how the President’s budget would affect the economy and how, in turn, that economic impact would affect the federal budget.

Report
An Analysis of the President’s 2025 Budget
October 4, 2024
CBO and JCT have estimated the effects on revenues and spending of many of the President’s budgetary proposals. This report builds on an earlier one that focused on the President’s proposals for discretionary spending.
Report
An Analysis of the Discretionary Spending Proposals in the President’s 2025 Budget
June 27, 2024
CBO describes the discretionary spending proposals in the President’s 2025 budget and compares them with CBO’s most recent baseline budget projections, which span the years from 2024 to 2034.
Report
An Analysis of the Discretionary Spending Proposals in the President’s 2024 Budget
May 18, 2023
CBO examines how the discretionary spending proposals in the President’s 2024 budget compare with CBO’s most recent baseline budget projections, which span 2023 to 2033.
Report
An Analysis of the President’s 2023 Budget
September 13, 2022
Under the President’s proposals, the cumulative deficit for the 2023-2032 period would be $2.6 trillion smaller than it is in CBO’s baseline projections because revenues would be higher and spending lower.
Report
An Analysis of Certain Proposals in the President’s 2022 Budget
July 30, 2021
CBO analyzed the Administration’s request for discretionary funding and some proposals that affect mandatory spending. The need for CBO to support ongoing legislative activity prevented the agency from completing a comprehensive analysis.