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5 mar 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.
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CBO’s podcast series looks at the agency’s inner workings...
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Unemployment Compensation—CBO’s Estimate of the President’s...
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CBO is required to produce a cost estimate for nearly every...
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This slide deck presents the distributions of household...
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The Effects of Work Requirements on the Employment and...
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CBO’s Recent Publications and Work in Progress as of...
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The Federal Budget in Fiscal Year 2023: An Infographic March...
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Budget. Accuracy of Projections; Budget Concepts and...
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24 cze 2022 · The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.
16 lut 2023 · This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s February 2024 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.
1 sie 2024 · The largest spending categories in the $6.16 trillion federal budget in 2023 were Social Security at 22% of the budget ($1.35 trillion), national defense and veteran support at 18% ($1.13 trillion), transfers to states at 18% ($1.09 trillion), and Medicare at 14% ($848 billion).
Figure A provides a breakdown of the major mandatory government spending categories as of the fiscal year 2019 budget approved by Congress. As Figure A suggests, Social Security is the single largest mandatory spending item, taking up 38% or nearly $1,050 billion of the $2,736 billion total.
22 mar 2023 · In fiscal year 2020, federal, state, and local governments spent a combined $10.2 trillion. Governments received $6.6 trillion in revenue. USAFacts categorizes government budget data to allocate spending appropriately and to arrive at the estimate presented here.
The Budget invests directly in the American people and will strengthen our Nation’s economy and improve our long-run fiscal health. It reforms our broken tax code to reward work instead of