Fiscal Policy Outlook July, FY2023
Snapshot 2022: $1,375 Billion Deficit
HIGHER THAN AVERAGE SPENDING AND TAXATION
MANDATORY SPENDING CROWDS OUT THE BUDGET 1972
MANDATORY SPENDING CROWDS OUT THE BUDGET 2022
MAJOR COMPONENTS OF MANDATORY SPENDING
Social Security
Medicare
ENTITLEMENTS AND INTEREST IS SQUEEZING OTHER PRIORITIES
THE U.S. IS BORROWING TO PAY INTEREST COSTS
The U.S. Runs a Structural Primary Deficit
DEBT ON AN UPWARD TRAJECTORY
DEBT ULTIMATELY APPROACHES 2 TIMES THE SIZE OF THE ECONOMY
WHAT DRIVES OUR DEBT?
Delaying Fiscal Consolidation Raises Costs
Congressional Budget Process Timetable
Chart Book Index
- Fiscal Policy Outlook July, FY2023
- Snapshot 2022: $1,375 Billion Deficit
- HIGHER THAN AVERAGE SPENDING AND TAXATION
- MANDATORY SPENDING CROWDS OUT THE BUDGET 1972
- MANDATORY SPENDING CROWDS OUT THE BUDGET 2022
- MAJOR COMPONENTS OF MANDATORY SPENDING
- Social Security
- Medicare
- ENTITLEMENTS AND INTEREST IS SQUEEZING OTHER PRIORITIES
- THE U.S. IS BORROWING TO PAY INTEREST COSTS
- The U.S. Runs a Structural Primary Deficit
- DEBT ON AN UPWARD TRAJECTORY
- DEBT ULTIMATELY APPROACHES 2 TIMES THE SIZE OF THE ECONOMY
- WHAT DRIVES OUR DEBT?
- Delaying Fiscal Consolidation Raises Costs
- Congressional Budget Process Timetable
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