Global Analysis from the European Perspective. Preparing for the world of tomorrow

US Deficit projected at $2.3 trillion for 2021, not counting additional stimulus, CBO says

  • The federal budget deficit is projected to be $2.3 trillion in fiscal 2021, the Congressional Budget Office said.
  • That’s smaller than 2020 shortfall of $3.13 trillion but larger than anything the nation had seen prior to the Covid-19 pandemic.
  • Federal debt will swell to $35.3 trillion in 2031, it said, the largest debt-to-GDP ratio in U.S. history. Source CNBC

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