CBO Director Phillip Swagel highlights the main findings of The Budget and Economic Outlook: 2022 to 2032.
CBO Director Phillip Swagel briefs members of the press on The Budget and Economic Outlook: 2022 to 2032.
In CBO’s projections, assuming that current laws generally remain unchanged, the federal deficit totals $1.0 trillion in fiscal year 2022 and averages $1.6 trillion per year from 2023 to 2032. Real GDP grows by 3.1 percent this year.
As ordered reported by the House Committee on Oversight and Reform on May 11, 2022
