Deficits Much Larger Than Projected Just Three Months Ago
CBO projects that the deficit for 2019 will be $960 billion. That’s $63 billion (or 7 percent) above its estimate from just three months ago.
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CBO projects that the deficit for 2019 will be $960 billion. That’s $63 billion (or 7 percent) above its estimate from just three months ago.
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
These charts illustrate some of the biggest fiscal policy stories from 2017.
https://www.pgpf.org/blog/2017/12/ten-charts-that-sum-up-this-year-in-fiscal-news
Significant damage was done to America’s fiscal outlook over the past year.
For 2023, the Congressional Budget Office (CBO) estimated in May that the federal budget deficit will total $1.5 trillion.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2022
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2022
Projections of federal healthcare spending have improved but are still climbing as a share of the economy.
https://www.pgpf.org/chart-archive/0200_healthcare_share_econ_proj
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2022
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2022