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Understanding the chart

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.[1] The significant increases are primarily due to policy changes, such as the Tax Cuts and Jobs Act, which significantly reduces revenues relative to the CBO January 2017 baseline.

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Summary

Description
English: 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 budget.
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Author Farcaster

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13 March 2018

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Date/TimeThumbnailDimensionsUserComment
current21:57, 12 September 2020Thumbnail for version as of 21:57, 12 September 20201,307 × 783 (29 KB)FarcasterUpdate
20:41, 13 October 2018Thumbnail for version as of 20:41, 13 October 20181,262 × 731 (51 KB)FarcasterUpdate with 2018 actual and additional estimates
20:02, 28 August 2018Thumbnail for version as of 20:02, 28 August 20181,408 × 783 (32 KB)FarcasterUpdate with latest forecast
23:26, 13 March 2018Thumbnail for version as of 23:26, 13 March 20181,397 × 775 (29 KB)FarcasterInclude source line
23:20, 13 March 2018Thumbnail for version as of 23:20, 13 March 20181,414 × 763 (29 KB)FarcasterUser created page with UploadWizard

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