Zaria Mariquilla

2024 Us Budget Deficit. Unified deficits and public debt rise accordingly. The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2024, cbo estimates—$37 billion less than the deficit recorded during the same period.

In cbo’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion. The deficit would hit a low of $1.5 trillion (4.9 percent of gdp) in 2027 before rising to $2.0 trillion (5.1 percent of gdp) by 2033.