id author title date pages extension mime words sentences flesch summary cache txt en-wikipedia-org-5738 United States federal budget - Wikipedia .html text/html 16351 1375 63 Due to the coronavirus pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020, which the Committee for a Responsible Federal Budget estimated would be partially responsible for an increase of the budget deficit for fiscal year 2020 to a record $3.8 trillion, or 18.7% GDP.[5] The CBO preliminary estimate for the fiscal year 2020 deficit is $3.1 trillion or 15.2% GDP, the largest since 1945 relative to the size of the economy.[6] The following table summarizes several budgetary statistics for the fiscal year 2015-2019 periods as a percent of GDP, including federal tax revenue, outlays or spending, deficits (revenue – outlays), and debt held by the public. The CBO forecast in April 2018 that under current policy, the sum of annual federal budget deficits (debt increases) would be $13.7 trillion over the 2018-2027 time period. ./cache/en-wikipedia-org-5738.html ./txt/en-wikipedia-org-5738.txt