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An Update to the Budget and Economic Outlook: 2024 to 2034

The Congressional Budget Office (CBO) regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally remained unchanged. This report is the latest in that series. In CBO’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0 trillion in 2024 and grows to $2.8 trillion by 2034.

  • Author(s):
  • Congressional Budget Office
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An Update to the Budget and Economic Outlook: 2024 to 2034
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  • White Paper
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Website:Visit Publisher Website
Publisher:Congressional Budget Office (CBO)
Published:June 1, 2024
License:Public Domain

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