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The actual budget deficits in fiscal years 2016, 2017, and 2018 were $ 587 billion, $ 665 billion, and $ 782 billion, respectively. In
January 2017, CBO estimated that based on laws in place as of that time, the budget deficit would be $ 559 billion in 2017 and $ 487 billion in 2018. The significant
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Federal budget deficits from 2016 through 2018 estimates. The CBO estimate for 2018 is from their
January 2017 baseline, which reflected laws in place when President Trump was inaugurated. The OMB estimate is from President Trump's 2019
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This file contains additional information, probably added from the digital camera or scanner used to create or digitize it.
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increases are primarily due to policy changes, such as the
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CBO-Budget and
Economic Outlook 2017-2027-January 24, 2017
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