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The Federal Budget in Fiscal Year 2023: An Infographic. March 5, 2024. Graphic. The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product. View Document 1.11 MB.
The United States federal budget for fiscal year 2023 ran from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.
1 At the time the 2023 Budget was prepared, 2022 appropriations remained incomplete. The baseline reflects annualized continuing appropriations for 2022. 2 The Budget includes a reserve for legislation that reduces costs, expands productive capacity, and reforms the tax system. While the President is committed to reducing the deficit
Budget of the United States Government, Fiscal Year 2023 contains the Budget Message of the President, information on the President’s priorities,
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen and Office of Management and Budget (OMB) Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2023.
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2023, as well as broader trends in the budget over the past few decades.
FY 2023 Budget in Brief. The Congressional Justification of Appropriations (CJ) reflects the President’s Budget request for the Department of the Treasury, and is prepared in accordance with OMB Circular A-11.