CBO Revenue and Spending Projections 5-26-25

In 2025, the US federal government is projected to have a budget deficit of $1.9 trillion, with total outlays of $7.0 trillion and revenues of $5.2 trillion according to the Congressional Budget Office. Debt held by the public is projected to reach 100% of GDP. Economic growth is projected to moderate, with real GDP growing by 1.9% in 2025.  

Detailed Projections:

Outlays: Federal outlays are projected to reach $7.0 trillion in 2025, representing 23.3% of GDP says the Congressional Budget Office. 

Revenues: Federal revenues are projected to be $5.2 trillion, or 17.1% of GDP, in 2025 states the Congressional Budget Office. 

Debt: The debt held by the public is projected to reach 100% of GDP. 

Economic Growth: Real GDP growth is projected to be 1.9% in 2025. 

Inflation: Inflation is expected to slow in 2025 and settle at 2% or less after 2026. 

Interest Rates: Short-term interest rates are projected to remain below 10-year rates after 2025, reflecting their typical relationship. 

Deficit: The budget deficit is projected to be $1.9 trillion in 2025. 

https://www.google.com/search?q=US+Revenue+and+Spending+Projections+for+2025&

In Fiscal Year (FY) 2025, the U.S. federal government is projected to collect $5.48 trillion in revenue. This is a significant increase from the $4.92 trillion collected in FY 2024. The main sources of revenue are individual and corporate income taxes, Social Security and Medicare taxes, and other sources like excise taxes. 

Elaboration:

FY 2025 Revenue: The Congressional Budget Office (CBO) projects that the U.S. federal government will collect $5.48 trillion in revenue for FY 2025. 

Increased Revenue: This represents a substantial increase from the $4.92 trillion collected in FY 2024, as reported by the same CBO. 

Revenue Sources: The primary sources of revenue include:

Individual and corporate income taxes 

Social Security and Medicare taxes 

Excise taxes and other miscellaneous sources 

Key Revenue Components: Individual and corporate income taxes are projected to contribute a combined $1.94 trillion in FY 2025, making up 62% of total revenue, according to the U.S. Treasury. 

Individual income taxes alone account for 54% of total revenue in FY 2025. 

Social Security and Medicare taxes make up another 33%. 

https://www.google.com/search?q=US+Revenue+and+Spending+Projections+for+2025

Norb Leahy, Dunwoody GA Tea Party Leader