Federal Budgetary Effects Of Pandemic-Related Legislation
from the Congressional Budget Office
In March and April of 2020, four major federal laws were enacted to address the public health emergency and the economic distress created by the 2020 coronavirus pandemic. Over the 2020-2030 period, that legislation is projected to increase deficits by $2.6 trillion – boosting outlays by $2.2 trillion and decreasing revenues by $0.4 trillion. Most of that effect results from the Paycheck Protection Program, an expansion of unemployment compensation, and recovery rebates.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202010050542
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