Us 2024 Budget Deficit

Us 2024 Budget Deficit. The federal government’s debt is $33 trillion and rising; The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2024, the congressional budget office estimates—$37 billion less than the deficit.


Us 2024 Budget Deficit

According to the congressional budget office (cbo), the budget deficit will rise from $1.6 trillion, or 5.6% of gdp, in fiscal year 2024 to $2.6 trillion, or 6.1% of gdp, in 2034. The cbo sees the deficit reaching $1.92 trillion in 2024, up from $1.69 trillion in 2023, according to updated projections released in washington tuesday.

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