Current Us Budget Deficit 2024. Federal budget deficit for january 2024: Analyze the trends of the.
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. The federal budget deficit was $857 billion in the first seven months of fiscal year 2024, the congressional budget office estimates—$68 billion less than the deficit recorded during the.