Each year, the Congressional Budget Office publishes a report presenting its budget projections (for federal debt, deficits, spending, and revenues) and economic forecast for the next 30 years under the assumption that current laws governing taxes and spending generally do not change.
CBO’s most recent projections, which underlie this presentation, were published on July 27, 2022.
The economic forecast includes data and developments through early March.
The budget projections include the effects of legislation enacted through early April.
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