Us Budget Deficit 2024. The deficit for the first four months of the 2024 fiscal year reached $532 billion, or 16% more than recorded in the same period in the prior year, treasury. The budget also reduces the deficit, as a share of the.
Visit the national deficit explainer to see how the deficit and revenue compare to federal spending. The budget office predicts that annual interest costs will rise to $1.7 trillion in 2034 from $892 billion this year.