Estimated FY2026 Budget Deficit
Source ↗
👁 0
💬 0
From CBO.
Source: CBO. Notes: Solid light purple is FY2024, solid dark purple is FY2025, dashed black is FY2026 estimate for cumulative deficit.
As of 2026Q2, we’re nearly a percentage point above full employment, according to CBO’s estimate of potential GDP. Shouldn’t the deficit be shrinking, rather than increasing, as a share of GDP?
Source: CBO. Notes: Solid light purple is FY2024, solid dark purple is FY2025, dashed black is FY2026 estimate for cumulative deficit.
As of 2026Q2, we’re nearly a percentage point above full employment, according to CBO’s estimate of potential GDP. Shouldn’t the deficit be shrinking, rather than increasing, as a share of GDP?
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