Monthly Budget Review: November 2023

The federal budget deficit totaled $383 billion in October and November 2023, the first two months of fiscal year 2024, CBO estimates. That amount is $47 billion more than the deficit recorded during the same period last fiscal year.

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Administrative Costs of Federal Credit Programs

To assess the full costs of federal loans and loan guarantees, CBO has developed a method for estimating the present value of the lifetime administrative costs of certain federal credit programs.

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Atlas of Military Compensation

In the President’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits. That amount represents an increase of 134 percent since 1999 after removing the effects of inflation.

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