Annual federal deficits will fall from their COVID-19 highs but will soon bounce back beyond $2 trillion

Actual

Projected

$1,413

$1,294

$1,300

$1,077

$680

$485

$442

$585

$665

$779

$984

$3,132

$2,775

$1,376

$1,694

$1,915

$1,938

$1,851

$1,756

$1,942

$1,949

$2,193

$2,283

$2,487

$2,822

$2,862