Us Budget Deficit 2024 And 2024. The federal budget deficit is projected to reach $1.9 trillion this fiscal year, the congressional budget office (cbo) said tuesday, as government spending continues to rise. In february, the congressional budget office released its annual budget and economic outlook and projected that the nation will run a $1.6 trillion deficit in fy2024.
The federal budget deficit totaled $531 billion in the first four months of fiscal year 2024, cbo estimates—$71 billion more than the deficit recorded during the same period last. The cj includes agency priorities, requested budget levels and performance plans (in accordance with the government performance and results act).
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