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Bookmark or Share- Affordable Care Act | Congressional Budget OfficeThe Affordable Care Act, enacted in March 2010, made significant changes in federal programs and tax policies regarding health care (and in other areas)—including changes affecting insurance coverage, affordability and accessibility of insurance, the financing of medical care, and the operation of the Medicare program.
- Common Budgetary Terms Explained - Congressional Budget Officefederal budget. Those methods differ in terms of when the commitment or the collection of budgetary funds is recorded in the budget and whether they measure the market value of the government’s obligations. (For more information, see How CBO Produces Fair-Value Estimates of the Cost of Federal Credit Programs: A Primer and Cash
- Effects of the Immigration Surge on the Federal Budget and the EconomyThe increase in immigration boosts federal revenues as well as mandatory spending and interest on the debt in CBO’s baseline projections, lowering deficits, on net, by $0.9 trillion over the 2024–2034 period. Some of the effects on the budget result from the increase in the number of people paying taxes and collecting federal benefits.
- The Budget and Economic Outlook: 2024 to 2034Projections 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 steadily mount, reaching $2.6 trillion in 2034. Measured in relation to gross domestic product (GDP), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 ...
- Graphics - Congressional Budget OfficeThe 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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