Jan 17, 2025 · The Congressional Budget Act of 1974 requires CBO to produce an annual report on federal spending, revenues, and deficits or surpluses. This document provides answers to …

Mar 20, 2025 · The federal deficit in 2024 was $1.8 trillion, equal to 6.4 percent of gross domestic product.

Federal Debt and the Statutory Limit, March 2025 How Changes in Economic Conditions Might Affect the Federal Budget: 2025 to 2035 Legislation Enacted in the Second Session of the …

The Budget and Economic Outlook: 2025 to 2035 The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the …

Jan 17, 2025 · In CBO’s projections, the federal budget deficit is $1.9 trillion this year, and federal debt rises to 118 percent of GDP in 2035. Economic growth slows and inflation declines over …

Projections at a Glance This report presents the Congressional Budget Office’s projections of what the federal budget and the economy would look like over the next 30 years if current laws …

Mar 20, 2025 · Mandatory outlays by the federal government totaled $4.1 trillion in 2024; more than half was for Social Security and Medicare. The largest increases over the past 20 years …

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 …

Aug 8, 2025 · The federal budget deficit totaled $1.6 trillion in the first 10 months of fiscal year 2025, the Congressional Budget Office estimates. That amount is $109 billion more than the …

Federal Spending, by Category Over the long term, net spending for interest and outlays for the major health care programs and Social Security are projected to rise in relation to GDP; other …