Press Center - Congressional Budget Office
Jan 2, 2025 · January 7: An Introduction to the Congressional Budget Office; January 10: The Accuracy of CBO’s Budget Projections for Fiscal Year 2024; January 10 at 2 pm: Monthly Budget Review: December 2024
Congressional Budget Office
CBO also compared its most recent budget projections for 2024, published this past June, with actual outcomes. In those projections, CBO overestimated the 2024 budget deficit by 0.3 percent of GDP; projections of revenues and outlays were both within 1 percent of actual outcomes.
Budget | Congressional Budget Office
Jun 18, 2024 · View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2022, as well as broader trends in the budget over the past few decades.
The Budget and Economic Outlook: 2024 to 2034 - Congressional …
In the Congressional Budget Office’s baseline budget projections, the federal budget deficit is $1.5 trillion this year and generally increases over the next decade, reaching $2.6 trillion in 2034.
Outlook for the Budget and the Economy - Congressional Budget …
Jun 18, 2024 · CBO's Budget and Economic Outlook, typically produced in January each year and updated in August, includes an economic forecast and projections of spending and revenues under current law—known as baseline projections—over the next 10 years.
Monthly Budget Review: September 2024 - Congressional Budget …
Oct 8, 2024 · The federal budget deficit was $1.8 trillion in fiscal year 2024, the Congressional Budget Office estimates. The estimated deficit for 2024 was $139 billion more than the shortfall recorded during fiscal year 2023. Revenues increased by an …
Reports - Congressional Budget Office
6 days ago · In its May 2023 budget projections for fiscal year 2024, CBO underestimated revenues by 1 percent and outlays by 6 percent. CBO’s projection of the federal budget deficit for 2024 was less than the actual amount by 1.1 percent of GDP.
Monthly Budget Review: Summary for Fiscal Year 2024
Nov 8, 2024 · In fiscal year 2024, which ended on September 30, the federal budget deficit totaled $1.8 trillion—an increase of $138 billion (or 8 percent) from the shortfall recorded in the previous year. Revenues and outlays alike increased from 2023 totals: Revenues rose by 11 percent, or $479 billion, and outlays increased by 10 percent, or $617 billion.
Monthly Budget Review: January 2024 - Congressional Budget Office
Feb 8, 2024 · The federal budget deficit totaled $531 billion in the first four months of fiscal year 2024, the Congressional Budget Office estimates.
CBO’s Current View of the Economy From 2025 to 2027
This report provides details about CBO’s latest projections of the economy through 2027 (see Table 1). Those projections reflect economic developments and current law as of December 4, 2024. Early next year, the agency will publish its budget and economic projections for the full 2025–2035 period.