June 26, 2017

Outlays & Revenues Don't Match

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This line graph shows historical and projected data for U.S. outlays and revenues. Only four times since 1968 have revenues exceeded outlays, thereby eliminating the deficit. Current policy projections show that the government is unlikely to come close to budget balance in future years. Projections of current law get closer, but still don't achieve balance.

Source: Office of Management and Budget (Historical), Congressional Budget Office (Projected)

About the Issue

  • The federal budget is an expression of our country's values. Where we choose to spend and at what levels, how and who we tax, and the borrowing we...

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