The Accuracy of CBO's Budget Projections for Fiscal Year 2025

Congressional Budget Office

No 61916, Reports from Congressional Budget Office

Abstract: In its June 2024 projections for fiscal year 2025, CBO underestimated revenues by 6 percent and outlays by 2 percent. The agency overestimated the federal budget deficit by 0.7 percent of GDP. Excluding customs duties, CBO underestimated revenues by 4 percent and overestimated the federal budget deficit by 0.3 percent of GDP.

JEL-codes: C53 H20 H68 (search for similar items in EconPapers)
Date: 2026-01-16
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