CBO Long Term Budget Outlook for 2026

On February 25, 2026 the Congressional Budget Office released its annual Long Term Budget Outlook for 2026, which projects federal spending and revenue out to 2055.  As before, the data for the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 25 percent GDP by the 2040s while federal revenue stays a little over 19 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.

Gross State Product for 2025

The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2025 on April 9, 2026.

Usgovernmentspending.com has updated its individual state GSPs for 2025 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2027 Budget and the historical GDP data series from the BEA as a baseline.

Process:

1. Click on link.
2. Click on "Interactive Data" link
3. Click on "Interactive Tables: GDP by State" link
4. Click on "Annual Gross Domestic Product (GDP) by State"
5. Click on "Summary Tables for GDP, personal income, and related data."
6. Click on "SASUMMARY"
7. Area: Select "All Areas"
8. Statistic: Select "Real GDP..." and "Gross domestic product (GDP)"
9. Click on Next Step button
10. Time Period: Select "All Years"
11. Click on Next Step button
12. Click on Download button
13. Select CSV 

Federal Budget for FY27 Released

On April 4, 2026, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2027. 

Here is how headline budget estimates for the upcoming FY 2027 fiscal year have changed since the release of the FY 2025 budget in Winter 2024. There were no budgetary estimates in the budget documents for the FY 2026 budget.

Federal Budget Changes for 2027

$ billion	Estimate for 2027 in FY2025 Budget	Estimate for 2027 in FY2027 Budget	Change
Federal Outlays	$7,696.6	$8,092.9	+$569.1
Federal Receipts	$6,186.2	$5,921.0	+$279.1
Federal Deficit	$1,510.3	$2,171.9	+$290.0

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2031 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on April 4, 2026.

Account level budget authority estimates through FY 2031 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on April 4, 2026.