What Is The Current Us Deficit 2024 Us. The federal budget deficit was $1.9 trillion in the first 11 months of fiscal year 2024, the congressional budget office estimates—$373 billion more than the deficit recorded. Congressional budget office on wednesday projected a slightly smaller $1.507 trillion federal deficit for fiscal 2024 as increased revenues from stronger growth and.
Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0. The cumulative deficit in 2024 was $138 billion above the amount reported for 2023.