This report presents CBO’s projections of revenues and outlays for the 2025–2034 period translated into the framework of the national income and product accounts and their categories of current receipts and expenditures.
This report presents CBO’s projections of revenues and outlays for the 2025–2034 period translated into the framework of the national income and product accounts and their categories of current receipts and expenditures.
The federal budget deficit totaled $622 billion in October and November 2024, the first two months of fiscal year 2025, CBO estimates. That amount is $242 billion more than the deficit recorded during the same period last fiscal year.
