Us 2024 Budget Deficit Projections 2024. $1.3 trillion ($118 billion lower than last year) through the first nine months of the year. In fiscal year 2024, which ended on september 30, the federal budget deficit totaled $1.8 trillion—an increase of $138 billion (or 8 percent) from the shortfall recorded in the.


Us 2024 Budget Deficit Projections 2024

The federal budget deficit totaled $2.0 trillion between november 2023 and october 2024 according to estimates from the congressional budget office’s. In cbo’s projections, the total federal budget deficit increases significantly in relation to gross domestic product (gdp) over the next 30 years, reaching 8.5 percent of gdp in 2054.

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