- Jun 23, 2019
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Biden’s first budget is on trend to be the lowest deficit in years continuing the fiscal responsibility of democratic administrations. Thanks Biden!
The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the three prior fiscal years: It is less than half the shortfall recorded for the same months in fiscal year 2021 ($1,047 billion) and three-quarters of the deficit recorded in 2020 ($624 billion), just before the start of the coronavirus pandemic. It is slightly below 2019.
www.cbo.gov
bipartisanpolicy.org
The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the three prior fiscal years: It is less than half the shortfall recorded for the same months in fiscal year 2021 ($1,047 billion) and three-quarters of the deficit recorded in 2020 ($624 billion), just before the start of the coronavirus pandemic. It is slightly below 2019.
![www.cbo.gov](https://www.cbo.gov/sites/default/files/styles/social/public/2019-04/Treasury-1650x1100-001.jpg?itok=gncbpSm5)
Monthly Budget Review: February 2022
The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the two prior fiscal years.
![www.cbo.gov](https://www.cbo.gov/themes/custom/cbo/apple-touch-icon.png)
![bipartisanpolicy.org](https://bipartisanpolicy.org/wp-content/uploads/2019/03/Budget-Deficit.jpg)
Deficit Tracker | Bipartisan Policy Center
Even as the U.S. economy expands, the federal government continues to run large and growing budget deficits that will soon exceed $1 trillion per…
![bipartisanpolicy.org](https://bipartisanpolicy.org/assets/images/favicons/BPC/favicon-32.png)