Budget | Congressional Budget Office
Jun 18, 2024 · The Budget and Economic Outlook: 2024 to 2034. February 7, 2024. In CBO’s projections, federal budget deficits total $20 trillion over the 2025–2034 period and federal debt held by the public reaches 116 percent of GDP. Economic growth slows to 1.5 percent in 2024 and then continues at a moderate pace. Report.
The Budget and Economic Outlook: 2024 to 2034
Projections at a Glance The Federal Budget The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. Thereafter, deficits steadily mount, reaching $2.6 trillion in 2034. Measured in relation to gross domestic product (GDP), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 ...
The Federal Budget in Fiscal Year 2023: An Infographic
Mar 5, 2024 · The Federal Budget in Fiscal Year 2023: An Infographic. March 5, 2024. Graphic. The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product. View Document 1.11 MB.
Congressional Budget Office
The Congressional Budget Office’s Request for Appropriations for Fiscal Year 2025. The Long-Term Budget Outlook: 2024 to 2054. The Demographic Outlook: 2024 to 2054. The Accuracy of CBO’s Budget Projections for Fiscal Year 2023. The U.S. Military’s Force Structure: Fiscal Year 2024 Update to Personnel Numbers and Costs.
Graphics - Congressional Budget Office
Mar 5, 2024 · The Federal Budget in Fiscal Year 2022: An Infographic. March 28, 2023. The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years. Graphic.
Common Budgetary Terms Explained - Congressional Budget Office
Budget authority, obligations, and outlays are related terms that describe the funds provided, committed, and used for a program or activity. Often called funding, budget authority is the amount of money available to a federal agency for a specific purpose. The authority to commit to spending federal funds is provided to agencies by law.
An Analysis of the President’s 2025 Budget
The largest total increases under the President’s budget would be $9 billion (or 10 percent) for health programs activities, $6 billion (or 31 percent) for general government programs and activities (including $5 billion for real property activities executed by the General Services Administration, or GSA), and $5 billion for international ...
CBO Releases Infographics About the Federal Budget in Fiscal Year …
Mar 5, 2024 · As highlighted in the first infographic, the government ran a budget deficit of $1.7 trillion in 2023, equal to 6.3 percent of gross domestic product (GDP), well above the 3.7 percent average over the past 50 years. The government’s net interest costs totaled $659 billion in 2023, an 87 percent increase from the amount in 2021.
The Federal Budget in Fiscal Year 2022: An Infographic
Mar 28, 2023 · The Federal Budget in Fiscal Year 2022: An Infographic. The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years. The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage ...
Budget and Economic Data - Congressional Budget Office
Projections of output, prices, labor market measures, interest rates, and income. Beginning in January 2020, these files also include projections of potential GDP (the economy’s maximum sustainable output) and its underlying inputs. In May 2020, CBO published selected 2-year and 10-year economic projections. Jun 2024. Feb 2024. Dec 2023. Jul ...