Figure 1

The federal budget deficit was $1.8 trillion in 2025 and is projected to rise

Actual and projected federal deficit, billions of nominal dollars (column) and as a share of GDP (line)

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Sources: “10-Year Budget Projections,” Budget and Economic Data, Congressional Budget Office, February 2026; and “Historical Budget Data,” Budget and Economic Data, Congressional Budget Office, February 2026.

Note: GDP = gross domestic product.