Wednesday, February 6, 2013

CBO releases budget outlook

As required by law, the Congressional Budget Office released its budget outlook for the next 10 years. It's meant to provide a basis for the formation of each year's budget. It's just released it outlook for 2013-2023 - click here to access it. Commentary from Wonkblog here.

They offer some graphs that put the current budget in historical context:

CBO deficits

CBO federal debt

CBO revenues outlays