The United States Federal Budget for Fiscal Year 2023
An Overview
The United States federal budget for fiscal year 2023, which runs from October 1, 2022, to September 30, 2023, outlines the government's financial plan for the upcoming year. This budget includes information on the President's Budget Message, the Summary of Fiscal Year 2023 Budget Results, and key statistics from the "Nation by the Numbers" table.
Significant Points
As of the time the 2023 Budget was prepared, appropriations for fiscal year 2022 were still incomplete. According to the "Nation by the Numbers" table, the federal budget deficit is projected to be $1.5 trillion for 2023. The President's Budget for Fiscal Year 2023 provides detailed information on the government's spending priorities and revenue projections.
The Congressional Budget Office (CBO) has estimated that the federal budget deficit for fiscal year 2023 will be $1.5 trillion. This estimate is based on the assumption that current laws and policies remain unchanged.
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