Us Budget Deficit 2024. Congressional budget office on wednesday projected a slightly smaller $1.507 trillion federal deficit for fiscal 2024 as increased revenues from stronger. Visit the national deficit explainer to see how the deficit and revenue compare to federal spending.


Us Budget Deficit 2024

The deficit reduction in the budget increases over time, with over $500 billion of deficit reduction in 2034. 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.

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