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Bookmark or Share- Budget Deficit: Causes, Effects, and Prevention Strategies - InvestopediaA budget deficit occurs when expenses exceed revenue. Certain unanticipated events and policies may cause budget deficits. Countries can counter budget deficits by raising taxes or cutting...
- The Budget and Economic Outlook: 2023 to 2033 - Congressional Budget OfficeThe budget shortfall for 2023 is now projected to be $426 billion more—and the cumulative deficit for the 2023–2032 period, $3.1 trillion more—than CBO projected last May. The increases stem from new legislation, changes to the agency’s economic forecast, and other changes (see Appendix A ).
- How COVID-19 Is Harming State and City BudgetsLast updated March 19, 2021 11:47 am (EST) Summary. State and local governments are responsible for the bulk of U.S. education and infrastructure spending. Many are facing severe budget...
- Shortfall: Definition, What Happens, How It's Corrected and TypesA shortfall is an amount by which a financial obligation or liability exceeds the required amount of cash that is available. A shortfall can be temporary, arising out of a unique set of...
- Monthly Budget Review: July 2023 | Congressional Budget OfficeView Document. 529.06 KB. See more editions of CBO’s Monthly Budget Review. Summary. The federal budget deficit was $1.6 trillion in the first 10 months of fiscal year 2023, the Congressional Budget Office estimates—more than twice the shortfall recorded during the same period last year.
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