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Frequently Asked Questions

What is the current government deficit?

Current US deficit. The Congressional Budget Office (CBO) is reporting a federal deficit projection of $3.3 trillion for the 2020 fiscal year. More specifically, the projected revenues for the year are $3.3 trillion, but projected spending is estimated to be $6.6 trillion.

What is the current US deficit?

Through the first six months of FY2022, the federal government ran a deficit of $667 billion, 61% less than at the same point in FY2021 ($1.7 trillion) and in the ballpark of the FY2019 and FY2020 deficits, which stood at $691 billion and $743 billion, respectively.

When was the last US budget surplus?

The last time the United States had a budget surplus was in 2001, according the White House. Unimaginably, it may have one again, and within a very few years.

What is the federal deficit right now?

Washington (CNN Business) The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday. The current shortfall exceeds the full-year deficit for fiscal 2018, which was $898 billion.

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