The federal government incurred a deficit of $173 billion in August 2021, CBO estimates— $27 billion less than the shortfall in August 2020. The federal budget deficit was $2.7 trillion [actually 2.713 trillion\ in the first 11 months of fiscal year 2021, the Congressional Budget Office estimates—$295 billion less than the deficit recorded during the same period last year.
https://www.cbo.gov/system/files/2021-09/57419-MBR.pdf
Note that outlays fiscal ytd are $6.299 trillion, which is higher than last year at this point, $6.054 trillion.
The CBO projects that in FY 2022 that revenues will sharply increase and outlays will sharply decrease (to $5.544 trillion), to the point where the deficit in 2022 will drop to only $1.153 trillion. This is impossible because when the government gets used to spending lots of money, it is very unlikely for the amount to decrease. Unless the government defaults in October, and we don't want to talk about that.
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